II 

Calendar No. 348 

115TH CONGRESS 

2D SESSION S. 1538 

To amend the Small Business Act to establish awareness of, and technical 

assistance for, the creation of employee stock ownership plans, and for 

other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 12, 2017 

Mr. PETERS (for himself, Mr. RISCH, and Mrs. GILLIBRAND) introduced the 

following bill; which was read twice and referred to the Committee on 

Small Business and Entrepreneurship 

MARCH 19, 2018 

Reported by Mr. RISCH, with an amendment 

[Strike out all after the enacting clause and insert the part printed in italic] 

A BILL 

To amend the Small Business Act to establish awareness 

of, and technical assistance for, the creation of employee 

stock ownership plans, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Small Business Em5 ployee Ownership Promotion Enhancement Act of 2017’’. 


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•S 1538 RS

1 SEC. 2. SCORE PROGRAM ASSISTANCE. 

2 Section 8(b)(1)(B) of the Small Business Act (15 

3 U.S.C. 637(b)(1)(B)) is amended— 

4 (1) by inserting ‘‘(i)’’ after ‘‘(B)’’; 

5 (2) in clause (i), as so designated, in the first 

6 sentence, by striking ‘‘(SCORE)’’ and inserting 

7 ‘‘(referred to in this subparagraph as ‘SCORE’)’’; 

8 and 

9 (3) by adding at the end the following: 

10 ‘‘(ii) SCORE shall appoint an individual to 

11 serve as the SCORE Employee Ownership Di12 rector— 

13 ‘‘(I) whose duties shall relate to the 

14 various forms of employee ownership; 

15 ‘‘(II) who shall be responsible for— 

16 ‘‘(aa) administering and dis17 bursing materials that contain general 

18 information and technical assistance 

19 with respect to the establishment of 

20 employee ownership structures; 

21 ‘‘(bb) coordinating efforts with 

22 respect to employee ownership with 

23 the chapters of SCORE located 

24 throughout the United States; 

25 ‘‘(cc) providing technical assist26 ance relating to a range of business 


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•S 1538 RS

1 forms and strategies that promote or 

2 facilitate employee ownership, includ3 ing— 

4 ‘‘(AA) an employee stock 

5 ownership plan; 

6 ‘‘(BB) a cooperative; and 

7 ‘‘(CC) any other approach 

8 determined appropriate by the 

9 SCORE Employee Ownership Di10 rector; and 

11 ‘‘(dd) providing the Adminis12 trator and the Office of Entrepre13 neurial Development with statistics, 

14 including regional statistics from a 

15 chapter of SCORE, relating to serv16 ices provided to small business con17 cerns potentially undertaking a form 

18 of employee ownership; and 

19 ‘‘(III) who may be an employee of the 

20 Administration as of the date on which the 

21 appointment is made.’’. 

22 SECTION 1. SHORT TITLE. 

23 This Act may be cited as the ‘‘Small Business Em24 ployee Ownership Promotion Enhancement Act of 2018’’. 


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4 

•S 1538 RS

1 SEC. 2. SCORE PROGRAM ASSISTANCE. 

2 Section 8(b)(1)(B) of the Small Business Act (15 

3 U.S.C. 637(b)(1)(B)) is amended— 

4 (1) by inserting ‘‘(i)’’ after ‘‘(B)’’; 

5 (2) in clause (i), as so designated, in the first 

6 sentence, by striking ‘‘(SCORE)’’ and inserting ‘‘(re7 ferred to in this subparagraph as ‘SCORE’)’’; and 

8 (3) by adding at the end the following: 

9 ‘‘(ii) SCORE shall appoint an individual 

10 to serve as the SCORE Employee Ownership Di11 rector— 

12 ‘‘(I) whose duties shall relate to the 

13 various forms of employee ownership; 

14 ‘‘(II) who shall be responsible for— 

15 ‘‘(aa) administering and dis16 bursing materials that contain general 

17 information and technical assistance 

18 with respect to the establishment of em19 ployee ownership structures; 

20 ‘‘(bb) coordinating efforts with re21 spect to employee ownership with the 

22 chapters of SCORE located throughout 

23 the United States; 

24 ‘‘(cc) providing technical assist25 ance relating to a range of business 

26 forms and strategies that promote or 


daltland on DSKBBV9HB2PROD with BILLS
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•S 1538 RS

1 facilitate employee ownership, includ2 ing— 

3 ‘‘(AA) an employee stock 

4 ownership plan; 

5 ‘‘(BB) a cooperative; and 

6 ‘‘(CC) any other approach 

7 determined appropriate by the 

8 SCORE Employee Ownership Di9 rector; and 

10 ‘‘(dd) providing the Adminis11 trator and the Office of Entrepre12 neurial Development with statistics, 

13 including regional statistics from a 

14 chapter of SCORE, relating to services 

15 provided to small business concerns po16 tentially undertaking a form of em17 ployee ownership; and 

18 ‘‘(III) who may be an employee of 

19 SCORE as of the date on which the ap20 pointment is made.’’. 


daltland on DSKBBV9HB2PROD with BILLS
Calendar No. 348 

115TH CONGRESS 

2D SESSION S. 1538 

A BILL 

To amend the Small Business Act to establish 

for other purposes. creation of employee stock ownership plans, and awareness of, and technical assistance for, the 

MARCH 19, 2018 

Reported with an amendment 


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