American Profit Sharing Act

To provide that Federal contracts and certain Federal subsidies shall be provided only to businesses which have qualified profit-sharing plans.

Subjects

Labor and Employment

Summary

American Profit Sharing Act - Permits the provision of Federal contracts and certain Federal subsidies only to businesses which have a stock bonus or profit-sharing plan. Excepts start-up small businesses for one year unless such business has: (1) been in existence for at least ten prior years; (2) more than five full-time employees (or their equivalent) at any time during the year; and (3) a gross income exceeding $5 million.

Full Text

Legislative Actions

1999-04-28
Introduced in House
1999-04-28
Introduced in House
1999-04-28
Referred to the Committee on Government Reform, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-04-28
Referred to the Committee on Government Reform, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-04-28
Referred to the Committee on Government Reform, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-05-05
Referred to the Subcommittee on Government Management, Information and Technology.
1999-05-21
Referred to the Subcommittee on Employer-Employee Relations.

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