To amend the Small Business Investment Act of 1958 to establish an employee equity investment facility, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Small Business Investment Act of 1958 to establish an employee equity investment facility, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H542666BE7E0C44D4BCB0435F6D000B15: 1. Short title This Act may be cited as the Employee Equity Investment Act of 2023.
- Section HDA1BB06A2A1944E090C10A0BE6EF9D36: 2. Employee equity investment facility Section 103 of the Small Business Investment Act of 1958 (15 U.S.C. 662) is amended— in paragraph (19), by striking and...
- Section HAF826FFF3EC8472CB5F9A55759835F7C: 321. Employee equity investment facility In this section, the term facility means the facility established under subsection (b). The Administrator, acting...
- Section H75D9B8C6E9384DF2B0525D4DBDE3321D: 3. Protege EEIC program Part A of title III of the Small Business Investment Act of 1958 (15 U.S.C. 681 et seq.), as amended by section 2, is further amended...
- Section H4EBE252EF31746809DB5D549B70A9368: 322. Protege EEIC program The Administrator shall establish a program to be known as the Protege EEIC Program under which a manager with substantial experience...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Small Business Investment Act of 1958 to establish an employee equity investment facility, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Labor, Government Operations
Primary Purpose
This bill, To amend the Small Business Investment Act of 1958 to establish an employee equity investment facility, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Van Hollen (for himself, Mr. Rubio, Ms. Baldwin, Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator_of_sba"
- → Administrator of the Small Business Administration
Key Definitions
Terms defined in this bill
the Administrator of the Small Business Administration
an entity licensed under section 301 as an employee equity investment company and selected in accordance with section 322(c)— for which the managers of the firm have a documented record of successful business experience
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.
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