Small Business Employee Ownership Promotion Enhancement Act of 2018

Bill: 115-s-1538
Sponsor: Sen. Peters, Gary C. [D-MI]
Introduced: 2017-07-12 in the Senate
Policy area: Commerce
Subjects: Business education
Corporate finance and management
Employee benefits and pensions
Securities
Small business
Social work, volunteer service, charitable organizations

Summary:
action_date: 2017-07-12
text: 

Small Business Employee Ownership Promotion Enhancement Act of 2017

 
This bill amends the Small Business Act to require the Service Corps of Retired Executives (SCORE) to appoint a SCORE Employee Ownership Director, whose duties shall relate to the various forms of employee ownership.
 
The director shall be responsible for:
 
 
 administering and disbursing materials that contain general information and technical assistance for the establishment of employee ownership structures; 
 
 coordinating efforts for employee ownership with SCORE chapters located throughout the United States; 
 
 providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including an employee stock ownership plan, a cooperative, and any other approach determined appropriate by the director; and 
 
 providing the Small Business Administration (SBA) and the Office of Entrepreneurial Development with statistics, including regional statistics from a SCORE chapter relating to services provided to small businesses potentially undertaking a form of employee ownership.
 
 
The director may be an SBA employee on the date of his or her appointment.

action_date: 2018-03-19
text: 

Small Business Employee Ownership Promotion Enhancement Act of 2018

 
This bill amends the Small Business Act to require the Service Corps of Retired Executives (SCORE) to appoint a SCORE Employee Ownership Director, whose duties shall relate to the various forms of employee ownership.
 
The director shall be responsible for:
 
 
administering and disbursing materials that contain general information and technical assistance for the establishment of employee ownership structures; 
 
coordinating efforts for employee ownership with SCORE chapters located throughout the United States; 
 
providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including an employee stock ownership plan, a cooperative, and any other approach determined appropriate by the director; and 
 
providing the Small Business Administration and the Office of Entrepreneurial Development with statistics, including regional statistics from a SCORE chapter relating to services provided to small businesses potentially undertaking a form of employee ownership. 

 
The director may be a SCORE employee on the date of appointment.


Legislative actions:
action_date: 2018-12-19
text: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436.
action_date: 2018-12-19
text: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436.
action_date: 2018-03-19
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 348.
action_date: 2018-03-19
text: Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
action_date: 2018-03-19
text: Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
action_date: 2018-03-14
text: Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
action_date: 2017-07-12
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2017-07-12
text: Introduced in Senate