Germany’s ruling coalition wants legislation designed to create more attractive conditions for startups in place by the end of this year, the finance ministry said. The proposed law would increase the annual tax-free allowance for employee share ownership to €5,000 ($5,408) from €1,440. The government also plans to allow for shares with multiple voting rights, which can enable a founder to maintain influence after a company has gone public.

The government is currently assessing feedback from Germany’s 16 states and lobby groups and wants to approve the law in cabinet over the summer before it’s sent to parliament. More broadly, the legislation seeks to simplify access to capital markets and strengthen and modernize Germany as a financial center, as well as increase transparency and remove barriers to technology in financial-market supervision.