To provide for the establishment of the United States Employee Ownership Bank, and for other purposes.

United States115th CongressHR-2357House of Representatives
Updated: May 4, 2017

Summary

United States Employee Ownership Bank Act This bill requires the Department of the Treasury to establish the U.S. Employee Ownership Bank, which shall be authorized to provide, in accordance with specified terms, conditions, and other requirements, financial assistance to increase employee ownership of a company. In addition, the bill amends the Worker Adjustment and Retraining Notification Act to specify that, in general, if an employer orders the closing of a plant or facility, the employer must offer its employees an opportunity to purchase the plant or facility though an employee stock-ownership plan or an eligible worker-owned cooperative.

Bill texts

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Introduced (House)View official text

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Timeline

Latest companion bill action

S-1082: A bill to provide for the establishment of the United States Employee Ownership Bank, and for other purposes.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  1. Introduced in House

  2. Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    House of Representatives

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