To direct the Administrator of the Small Business Administration to improve outreach and education on employee ownership, and for other purposes.
Sponsors
Legislative Progress
IntroducedAdditional sponsors: Mr. Fitzpatrick, Mr. Cisneros, and Ms. Goodlander
Committed to the Committee of the Whole House on the …
Mrs. McIver (for herself, Mr. Bresnahan, and Ms. Velázquez) introduced …
Summary
What This Bill Does
This bill requires the SBA Administrator to actively participate in federal working groups and engagements on cooperatives and employee ownership. It also expands SBA outreach to investors in the Small Business Investment Company (SBIC) program and requires implementation of employee ownership promotion programs within 180 days.
Who Benefits and How
Employee-owned businesses and worker cooperatives benefit from enhanced federal coordination and outreach. SBIC investors and limited partners gain better access to SBA educational resources. Employee ownership advocacy groups benefit from stronger federal engagement on the topic.
Who Bears the Burden and How
The SBA faces new requirements to attend interagency working groups and expand outreach to SBIC investors. The Administrator must implement employee ownership promotion programs within 180 days of enactment.
Key Provisions
- Requires SBA Administrator to attend federal working groups on cooperatives and employee ownership
- Expands SBIC outreach to include investors and limited partners
- Mandates implementation of employee ownership promotion through existing SBA programs within 180 days
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Directs SBA to improve outreach on employee ownership by participating in federal working groups, expanding SBIC program outreach to investors, and implementing employee ownership promotion requirements
Policy Domains
Legislative Strategy
"Strengthen SBA engagement on employee ownership without creating new programs, using existing statutory authorities"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → Administrator of the Small Business Administration
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology