Bill on Stock Options and Restricted Stock Advances

The Empowering Employees Through Stock Ownership Act has a good chance of becoming law. The bill allows employees receiving stock options and restricted stock units that meet certain criteria to defer paying any tax after exercise for up to seven years. But as Bruce Brumberg of MyStockOptions.com points out in a recent blog post, the language of the bill has multiple drafting problems that need fixing for it to do what it hopes to do.