Equity Expansion Act of 1993

Sponsor introductory remarks on measure. (CR S15950-15952)

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Jun 29, 1993

Equity Expansion Act of 1993 - Amends the Internal Revenue Code to allow corporations to issue performance stock options to employees. Requires employees to hold such stock for at least one year. Provides an exclusion from gross income of 50 percent of the gain from such stock if it is held for at least two years. Excludes gain from the exercise of such stock options from wage withholding and employment taxes. Amends the Securities Exchange Act of 1934 to prohibit the charge against earnings on the exercise of certain performance stock options.

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People & committees

Who introduced it

Sen. Lieberman, Joseph I. [D-CT] · D–CT

Committees

Finance Committee

13 cosponsorship records, including any withdrawals

Legislative record

Actions

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

Nov 17, 1993
Sponsor introductory remarks on measure. (CR S15950-15952)
Jun 29, 1993
Read twice and referred to the Committee on Finance.
Jun 29, 1993
Sponsor introductory remarks on measure. (CR S8247-8250)
Jun 29, 1993
Introduced in Senate

Primary sources

Bill text & related measures

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

Introduced in Senate · Jun 29, 1993 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 26, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze S.1175 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 S.1175, 103rd Congress: Equity Expansion Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1175

Text version to examine: Introduced in Senate · 1993-06-29.

Official full text: https://www.congress.gov/103/bills/s1175/BILLS-103s1175is.htm

Imported record last updated by the source: 2025-08-26T13:48:59Z. 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 S.1175 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 S.1175 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.

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Discuss S.1175, 103rd Congress: Equity Expansion Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1175

Text version to examine: Introduced in Senate · 1993-06-29.

Official full text: https://www.congress.gov/103/bills/s1175/BILLS-103s1175is.htm

Imported record last updated by the source: 2025-08-26T13:48:59Z. 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 S.1175 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 S.1175 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 S.1175, 103rd Congress: Equity Expansion Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1175

Text version to examine: Introduced in Senate · 1993-06-29.

Official full text: https://www.congress.gov/103/bills/s1175/BILLS-103s1175is.htm

Imported record last updated by the source: 2025-08-26T13:48:59Z. 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 S.1175 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 S.1175 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 S.1175, 103rd Congress: Equity Expansion Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1175

Text version to examine: Introduced in Senate · 1993-06-29.

Official full text: https://www.congress.gov/103/bills/s1175/BILLS-103s1175is.htm

Imported record last updated by the source: 2025-08-26T13:48:59Z. 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 S.1175 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.