ESOP Funding for SBA Position Act of 2025

HR 2993, the ESOP Funding for SBA Position Act of 2025, creates a new position within the Small Business Administration (SBA) to assist small businesses in establishing Employee Stock Ownership Plans (ESOPs). This role provides guidance on ESOP setup - including tax treatment, regulatory compliance, and funding options - and coordinates with agencies like the Department of Labor to improve support. The SBA Administrator must report annually to Congress on the position’s activities, including the number of small businesses assisted and policy recommendations. The bill authorizes $500,000 for the first year to fund this position, with ongoing appropriations as needed.