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

USA115th CongressHR-2357| House 
| Updated: 5/4/2017
Peter A. DeFazio

Peter A. DeFazio

Democratic Representative

Oregon

Financial Services Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 4, 2017
Introduced in House
May 4, 2017
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.
May 10, 2017

Latest Companion Bill Action

S 115-1082
Introduced in Senate
  • May 4, 2017
    Introduced in House


  • May 4, 2017
    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.


  • May 10, 2017

    Latest Companion Bill Action

    S 115-1082
    Introduced in Senate

Finance and Financial Sector

Related Bills

  • S 115-1082: A bill to provide for the establishment of the United States Employee Ownership Bank, and for other purposes.
Bank accounts, deposits, capitalBanking and financial institutions regulationCorporate finance and managementDepartment of the TreasuryEmployee benefits and pensionsEmployment discrimination and employee rightsExecutive agency funding and structureGovernment lending and loan guaranteesLabor-management relationsUnemployment

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

USA115th CongressHR-2357| House 
| Updated: 5/4/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 4, 2017
Introduced in House
May 4, 2017
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.
May 10, 2017

Latest Companion Bill Action

S 115-1082
Introduced in Senate
  • May 4, 2017
    Introduced in House


  • May 4, 2017
    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.


  • May 10, 2017

    Latest Companion Bill Action

    S 115-1082
    Introduced in Senate
Peter A. DeFazio

Peter A. DeFazio

Democratic Representative

Oregon

Financial Services Committee, Education and Workforce Committee

Finance and Financial Sector

Related Bills

  • S 115-1082: A bill to provide for the establishment of the United States Employee Ownership Bank, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationCorporate finance and managementDepartment of the TreasuryEmployee benefits and pensionsEmployment discrimination and employee rightsExecutive agency funding and structureGovernment lending and loan guaranteesLabor-management relationsUnemployment