It has cleared committee and can be brought up at any time, though no date is set.
CommerceAdministrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsSmall Business AdministrationSmall business
Why This Matters
This bill aims to boost awareness and understanding of employee ownership among small businesses and their employees. It encourages the Small Business Administration to engage more actively in promoting these opportunities.
If you work for a small business, this bill could lead to more opportunities for you to become an owner.
Who this affects
Small business owners · Employees interested in cooperative models
What changes is this bill making?
1This bill directs the Small Business Administration to improve education on employee ownership.
2It requires the Administrator to attend meetings about cooperatives and employee ownership.
3The bill enhances outreach to investors in small businesses.
4It mandates the Small Business Administration to promote employee ownership programs within 180 days.
