The Promotion and Expansion of Private Employee Ownership Act of 2025 aims to encourage and facilitate employee ownership in S corporations through employee stock ownership plans (ESOPs). The main objectives are to enhance the availability of ESOPs, provide tax benefits for businesses adopting these plans, and create support structures to promote employee ownership. Key provisions of the Act include full tax deferral for certain sales of employer stock to ESOPs, which means that business owners can sell their stock to an ESOP without facing immediate tax consequences.