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W&M Passes Four Commonsense Bills Out of Committee

September 14, 2016

The Ways and Means Committee today unanimously approved four bills that will improve the lives of workers and job creators, support our Olympians and Paralympians, and strengthen trade rules to prevent trafficking in cultural property that could fund terrorist activity.

As Ways and Means Chairman Kevin Brady (R-TX) said:

“Today’s markup is another example of our Committee’s dedication to advancing the priorities of the American people through a regular, open legislative process …

“This collection of targeted, bipartisan solutions will help address some significant challenges facing our communities.”


The following legislation passed by voice:

  • The Empowering Employees through Stock Ownership Act (H.R. 5719), sponsored by Rep. Erik Paulsen (R-MN), which promotes employee ownership at startup companies by addressing the tax treatment of restricted stock issued to employees
  • The Emergency Citrus Disease Response Act (H.R. 3957), sponsored by Rep. Vern Buchanan (R-FL), which addresses the tax treatment of costs associated with replanting citrus crops that have been decimated by a crippling bacterial disease
  • The United States Appreciation for Olympians and Paralympians Act (H.R. 5946), sponsored by Rep. Bob Dold (R-IL), which addresses the tax treatment of medals or other prizes awarded to Team USA athletes during the Olympic and Paralympic Games
  • The Prevent Trafficking in Cultural Property Act (H.R. 2285), sponsored by Rep. Bill Keating (D-MA), which improves enforcement against trafficking in cultural property to prevent stolen or illicit cultural property from financing terrorist and criminal networks