Improving SBA Engagement on Employee Ownership Act

Bill: 117-hr-9345
Sponsor: full_name: Rep. Phillips, Dean [D-MN-3]
Introduced: 2022-11-17
Policy area: Commerce
Latest action: action_date: 2022-11-17
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2022-11-17
action_desc: Introduced in House
text: <p><b>Improving SBA Engagement on Employee Ownership Act</b></p> <p>This bill expands the Small Business Administration's outreach activities with respect to cooperatives or employee ownership of small businesses.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 9345 IN THE HOUSE OF REPRESENTATIVES November 17, 2022 Mr. Phillips (for himself and Ms. Velázquez ) introduced the following bill; which was referred to the Committee on Small Business A BILL To direct the Administrator of the Small Business Administration to improve outreach and education on employee ownership, and for other purposes.

1. Short title This Act may be cited as the Improving SBA Engagement on Employee Ownership Act . 2. Amendment to small business investment company program outreach Section 862(c) of the John S. McCain National Defense Authorization Act for Fiscal Year 2019 ( Public Law 115–232 ; 15 U.S.C. 648 note) is amended by inserting , and to the investors and limited partners of such companies, before to increase . 3. Cooperative working group participation Section 7(a)(35) of the Small Business Act ( 15 U.S.C. 636(35) ) is amended by adding at the end the following new subparagraph: (C) Working groups and other engagements The Administrator (or a designee or official thereof) shall attend working groups, meetings, fora, and any other engagements hosted by any other Federal agency or office to which the Administrator (or designees or officials thereof) is invited, or with which the Administrator (or a designee or official thereof) has had a previous engagement or relationship, with respect to cooperatives or employee ownership of business concerns. .