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ART. 8 TER
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N\u176\'3f191
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ASSEMBL\u201\'3fE NATIONALE
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29 Novembre 2025
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___________________________________________________________________
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PROJET DE LOI DE FINANCEMENT DE LA S\u201\'3fCURIT\u201\'3f SOCIALE POUR 2026 - (N\u176\'3f 2141)
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Rejet\u233\'3f
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AMENDEMENT N\u176\'3f191
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pr\u233\'3fsent\u233\'3f par
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M.\u160\'3fGuedj, M.\u160\'3fSimion, Mme\u160\'3fFroger, Mme\u160\'3fKaramanli, Mme\u160\'3fSantiago, M.\u160\'3fAviragnet, Mme\u160\'3fBellay, M.\u160\'3fCalifer, Mme\u160\'3fDombre\u160\'3fCoste, Mme\u160\'3fGodard, M.\u160\'3fHouli\u233\'3f, Mme\u160\'3fRunel, M.\u160\'3fBaptiste, Mme\u160\'3fAllemand, M.\u160\'3fBarusseau, Mme\u160\'3fBattistel, M.\u160\'3fBaumel, M.\u160\'3fBelhaddad, M.\u160\'3fBenbrahim, M.\u160\'3fBouloux, M.\u160\'3fPhilippe\u160\'3fBrun, Mme\u160\'3fCapdevielle, M.\u160\'3fChristophle, M.\u160\'3fCourbon, M.\u160\'3fDavid, M.\u160\'3fDelaporte, M.\u160\'3fDelautrette, Mme\u160\'3fDiop, M.\u160\'3fDufau, M.\u160\'3fEchaniz, M.\u160\'3fEskenazi, M.\u160\'3fFaure, M.\u160\'3fF\u233\'3fgn\u233\'3f, M.\u160\'3fGarot, M.\u160\'3fGokel, Mme\u160\'3fGot, M.\u160\'3fEmmanuel\u160\'3fGr\u233\'3fgoire, M.\u160\'3fHablot, Mme\u160\'3fHadizadeh, Mme\u160\'3fHerouin-L\u233\'3fautey, Mme\u160\'3fC\u233\'3fline\u160\'3fHervieu, M.\u160\'3fHollande, Mme\u160\'3fJourdan, Mme\u160\'3fKeloua\u160\'3fHachi, M.\u160\'3fLeseul, M.\u160\'3fLhardit, Mme\u160\'3fMercier, M.\u160\'3fNaillet, M.\u160\'3fOberti, Mme\u160\'3fPantel, M.\u160\'3fPena, Mme\u160\'3fPic, Mme\u160\'3fPir\u232\'3fs\u160\'3fBeaune, M.\u160\'3fPotier, M.\u160\'3fPribetich, M.\u160\'3fProen\u231\'3fa, Mme\u160\'3fRossi, Mme\u160\'3fRouaux, M.\u160\'3fAur\u233\'3flien\u160\'3fRousseau, M.\u160\'3fRoussel, Mme\u160\'3fR\u233\'3fcalde, M.\u160\'3fSaint-Pasteur, M.\u160\'3fSaulignac, M.\u160\'3fSother, Mme\u160\'3fThi\u233\'3fbault-Martinez, Mme\u160\'3fThomin, M.\u160\'3fVallaud, M.\u160\'3fVicot, M.\u160\'3fWilliam et les membres du groupe Socialistes et apparent\u233\'3fs
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------------
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ARTICLE 8 TER
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Supprimer cet article.
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EXPOS\u201\'3f SOMMAIRE
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Cet amendement des d\u233\'3fput\u233\'3fssocialistes et apparent\u233\'3fs vise \u224\'3f ne pas p\u233\'3frenniser l\u8217\'3fexon\u233\'3frationsociale sur les 
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management packages
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, qui n\u8217\'3fest plus ni moinsqu\u8217\'3fun cadeau aux m\u233\'3fnages aux plus ais\u233\'3fs.
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Les \u171\'3f management packages \u187\'3f sontprincipalement mis en place dans les op\u233\'3frations de rachat desoci\u233\'3ft\u233\'3fs avec endettement (\u171\'3f LBO \u187\'3f) et ont pour effet d\u8217\'3fassocierles cadres dirigeants \u224\'3f la cr\u233\'3fation de valeur et \u224\'3f la performancer\u233\'3falis\u233\'3fe par les investisseurs financiers.\u160\'3f
\par 
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Ils sont organis\u233\'3fs \u224\'3f traversdiff\u233\'3frents instruments financiers : actions ordinaires, gratuites,\u171\'3f stock-options \u187\'3f, bons de souscription d\u8217\'3factions (BSA), bons desouscription de parts de cr\u233\'3fateur d\u8217\'3fentreprise (BSPCE).
\par 
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Une telle exon\u233\'3fration est doncun\u160\'3fcadeau aux m\u233\'3fnages aux plus ais\u233\'3fs. Il convient donc de nepas le p\u233\'3frenniser.
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