Workplace Employee Stock Option Act of 2002

Sponsor introductory remarks on measure. (CR E1418-1419)

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jul 26, 2002

Workplace Employee Stock Option Act of 2002 - Amends the Internal Revenue Code to provide for the exclusion from gross income of certain stock purchased with payroll deductions through an employee stock purchase plan.Sets forth special rules with respect to the inclusion of nonresident aliens under the provisions of this Act. Allows certain employees to be excluded from purchasing stock options under this Act.Requires certain employers to submit information returns relating to the transfer of ownership of stock acquired by employees pursuant to certain stock options, and assesses penalties for failure to comply.

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People & committees

Who introduced it

Rep. Houghton, Amo [R-NY-31] · R–NY

Committees

Ways and Means Committee

1 cosponsorship records, including any withdrawals

Rep. Boehner, John A. [R-OH-8]

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jul 29, 2002
Sponsor introductory remarks on measure. (CR E1418-1419)
Jul 26, 2002
Referred to the House Committee on Ways and Means.
Jul 26, 2002
Introduced in House
Jul 26, 2002
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jul 26, 2002 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.5242 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.5242, 107th Congress: Workplace Employee Stock Option Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/house-bill/5242

Text version to examine: Introduced in House · 2002-07-26.

Official full text: https://www.congress.gov/107/bills/hr5242/BILLS-107hr5242ih.htm

Imported record last updated by the source: 2025-08-19T17:29:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.5242 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.5242 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.5242, 107th Congress: Workplace Employee Stock Option Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/house-bill/5242

Text version to examine: Introduced in House · 2002-07-26.

Official full text: https://www.congress.gov/107/bills/hr5242/BILLS-107hr5242ih.htm

Imported record last updated by the source: 2025-08-19T17:29:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5242 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.5242 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.5242, 107th Congress: Workplace Employee Stock Option Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/house-bill/5242

Text version to examine: Introduced in House · 2002-07-26.

Official full text: https://www.congress.gov/107/bills/hr5242/BILLS-107hr5242ih.htm

Imported record last updated by the source: 2025-08-19T17:29:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5242 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.5242 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.5242, 107th Congress: Workplace Employee Stock Option Act of 2002

Official record: https://www.congress.gov/bill/107th-congress/house-bill/5242

Text version to examine: Introduced in House · 2002-07-26.

Official full text: https://www.congress.gov/107/bills/hr5242/BILLS-107hr5242ih.htm

Imported record last updated by the source: 2025-08-19T17:29:08Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5242 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.