SENSE OF CONGRESS REGARDING ALLOWABILITY OF COSTS OF EMPLOYEE STOCK OWNERSHIP PLANS.

SEC. 844. SENSE OF CONGRESS REGARDING ALLOWABILITY OF COSTS OF EMPLOYEE STOCK OWNERSHIP PLANS. It is the sense of Congress that the Secretary of Defense should not disallow, under Department of Defense contracts, the following costs: (1) Interest costs associated with deferred compensation employee stock ownership plans that were incurred before January 1, 1994. (2) Costs related to employee stock ownership plan (ESOP) debt, control premiums, or marketability discounts associated with the valuation of ESOP stock of closely held companies that were incurred before January 1, 1995.