Summary: H.R.2705 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.2705. Bill summaries are authored by CRS.

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Introduced in House (12/05/1995)

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: (1) has been in existence for at least ten prior years; (2) has more than five full-time employees (or their equivalent) at any time during the year; and (3) has a gross income exceeding $10 million.