HR7721-118

1. Short title This Act may be cited as the National Worker Cooperative Development and Support Act.

2. Promotion of worker-owned cooperative business by certain agencies The head of each covered agency shall— implement programs and initiatives to support and expand worker-owned cooperative businesses; periodically review existing regulations and propose revisions to such regulations to remove barriers that impede the formation and expansion of worker-owned cooperative businesses; facilitate access to capital for worker-owned cooperative businesses, including— exploring innovative financing options; and using existing programs to support worker-owned cooperative businesses; coordinate with the United States Council on Worker Cooperatives established under section 4; develop, use, and contribute to the Federal strategy described in section 4(d)(1); conduct and support research with respect to— the economic impact of worker-owned cooperative businesses; barriers to growth for worker-owned cooperative businesses; and the effectiveness of existing programs that relate to worker-owned cooperative businesses; provide education, outreach, and technical assistance to assist existing businesses to transition to worker-owned cooperative businesses; engage with businesses, nonprofit organizations, and academic institutions to identify best practices to enhance the use worker-owned cooperative businesses; and provide relevant training for Federal workers to integrate worker-owned cooperative businesses into existing systems of Federal Government.

3. Education and outreach relating to worker-owned cooperative business The Administrator of the Small Business Administration shall— develop educational materials relating to worker-owned cooperative businesses that are— accessible online and in print; and translated into multiple languages; and implement an outreach program relating to worker-owned cooperative businesses in communities where English is not the predominant language.

4. Establishment of the United States Council on Worker Cooperatives Not later than 180 days after the date of enactment of this section, the Secretary of Labor shall establish the United States Council on Worker Cooperatives (in this section referred to as the Council) to coordinate, across the Federal Government, activities relating to the formation and expansion of worker-owned cooperative businesses. The Secretary of Labor shall— serve as the chair of the Council; or appoint a designee to serve as the chair of the Council. The Council shall be comprised of the following members: The Administrator of the Small Business Administration. The Commissioner of Internal Revenue. The Secretary of the Treasury. The Secretary of Commerce. A representative from the National Economic Council. The Director of the Domestic Policy Council. A representative chosen by the Secretary of Agriculture to represent the Interagency Working Group on Cooperative Development of the Department of Agriculture, as established under section 310B(e)(12) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932(e)(12)). Any other members as determined by the Secretary of Labor. The Council shall— develop a Federal strategy to incorporate worker-owned cooperative businesses as a tool for national economic development; identify regulatory barriers within the Federal Government to the formation and expansion of worker-owned cooperative businesses; propose solutions to the barriers identified in paragraph (2) to form and expand worker-owned cooperative businesses in the United States; and coordinate— the availability of data and research relating to— barriers to entry for the creation of worker-owned cooperative businesses; and benefits of worker-owned cooperative businesses; educational initiatives across Federal agencies to increase awareness and understanding of the worker-owned cooperative business model; and between existing and future initiatives relating to worker-owned cooperative businesses to avoid duplication or conflicting objectives. Not later than 2 years after the date of enactment of this section, and each year thereafter, the Council shall submit to the Congress and publish on a public website a report that includes a description of— any progress made by the Council with respect to the responsibilities described in subsection (d); policy recommendations relating to the promotion of the formation and expansion of worker-owned cooperative businesses; and the successes, best practices, and challenges that Federal agencies have in the promotion of the formation and expansion of worker-owned cooperative businesses and initiatives. The Council shall terminate on the date that is 10 years after the date of enactment of this section.

6. CDFI education and guidance about the value of worker-owned cooperative business Section 108(b)(1) of the Riegle Community Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4707(b)(1)) is amended— in subparagraph (E)(ii)(II), by striking and at the end; by redesignating subparagraph (F) as subparagraph (G); and by inserting after subparagraph (E) the following: the provision of education and facilitation of services to assist in the establishment and management of worker-owned cooperative businesses; and (F)the provision of education and facilitation of services to assist in the establishment and management of worker-owned cooperative businesses; and.

7. Definitions In this Act: The term covered agency means the following: The Small Business Administration. The Internal Revenue Service. The Department of the Treasury. The Department of Commerce. The Department of Agriculture. The Department of Labor. The term worker-owned cooperative business means— any entity that is— organized under a State law relating to worker cooperatives; and majority owned or controlled by employees of such entity; or an eligible worker-owned cooperative, as such term is defined in section 1042(c) of the Internal Revenue Code of 1986.