H.R. 6492

Summary

H.R. 6492, the ESOP Act, was introduced in the House on Dec 5, 2025 by Rep. Cory Mills (R). It was referred to Armed Services, and last saw action on Dec 5, 2025: Referred to the House Committee on Armed Services.

Record

Text

H.R. 6492 has no co-sponsors and has not gone to a roll call.

119 HR 6492 IH: Empowering Small-business Ownership Participation Act
 U.S. House of Representatives
 2025-12-05
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 6492  IN THE HOUSE OF REPRESENTATIVES   December 5, 2025   Mr. Mills  introduced the following bill; which was referred to the  Committee on Armed Services    A BILL
To change the percentage of outstanding stock that must be held through an employee stock ownership plan for the purposes of the pilot program to incentivize contracting with employee-owned businesses of the Department of Defense, and for other purposes.
1.
Short title
This Act may be cited as the   Empowering Small-business Ownership Participation Act   or the   ESOP Act  .
2.
Change to ESOP percentage requirement for pilot program to incentivize contracting with employee-owned businesses
Section 874 of the National Defense Authorization Act for Fiscal Year 2022 ( 10 U.S.C. 3204  note) is amended—
(1)
by striking  wholly-owned  each place it appears and inserting  owned ;
(2)
in subsection (a)—
(A)
in the heading, by striking
Wholly-owned   and inserting
Owned  ; and
(B)
by striking  100 percent  and inserting  not less than 30 percent ;
(3)
in subsection (b), in the heading, by striking
Wholly-owned   and inserting
Owned  ; and
(4)
in subsection (c), in the heading, by striking
Wholly-owned   and inserting
Owned  .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

To change the percentage of outstanding stock that must be held through an employee stock ownership plan for the purposes of the pilot program to incentivize contracting with employee-owned businesses of the Department of Defense, and for other purposes.

Sponsors

Rep. Cory Mills (R) sponsors H.R. 6492 alone.

Cory Mills

Rep. · R–FL-7 · Sponsor

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Committees

H.R. 6492 went before 1 committee: Armed Services.

Armed Services

Armed Services

Referred To · Dec 5, 2025 · 581 Bills

Actions

H.R. 6492 has taken 2 actions since Dec 5, 2025.

Votes

H.R. 6492 has not gone to a roll call.

Titles

H.R. 6492 goes by 4 titles, 2 of them short titles.

• ESOP Act — Display Title
• ESOP Act — Short Title(s) as Introduced
• Empowering Small-business Ownership Participation Act — Short Title(s) as Introduced
• To change the percentage of outstanding stock that must be held through an employee stock ownership plan for the purposes of the pilot program to incentivize contracting with employee-owned businesses of the Department of Defense, and for other purposes. — Official Title as Introduced

Lobbying

4 clients hired 4 firms and 14 registered lobbyists who named H.R. 6492 in 16 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Budget/Appropriations, Taxation/Internal Revenue Code, Chemicals/Chemical Industry, Environment/Superfund, Fuel/Gas/Oil, Labor Issues/Antitrust/Workplace, Marine/Maritime/Boating/Fisheries, Real Estate/Land Use/Conservation.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 6492 under Armed Forces and National Security, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 6492’s is Armed Forces and National Security.

Source: congress.gov · legiscan.com