Today, the U.S. House of Representatives passed the Empowering Employees through Stock Ownership Act (H.R.5719), which will encourage startup growth by making it easier for employees at private companies to exercise their stock options. The following statement can be attributed to Engine Executive Director Evan Engstrom:
“We are pleased to see this legislation pass the House with bipartisan support. Over 75 companies sent a letter to Congress outlining how H.R 5719 will help startups attract the talent necessary to grow the economy. This policy change is a no-brainer, and a win-win for both startups and their employees. We appreciate the hard work of the bill’s co-sponsors, as well as House leadership’s efforts to move the bill to the floor for a vote. We urge the Senate to approve this commonsense legislation as quickly as possible.”
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