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

USA115th CongressS-1082| Senate 
| Updated: 5/10/2017
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (4)
Jeanne Shaheen (Democratic)Margaret Wood Hassan (Democratic)Patrick J. Leahy (Democratic)Kirsten E. Gillibrand (Democratic)

Banking, Housing, and Urban Affairs 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

Latest Companion Bill Action

HR 115-2357
Introduced in House
May 10, 2017
Introduced in Senate
May 10, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 4, 2017

    Latest Companion Bill Action

    HR 115-2357
    Introduced in House


  • May 10, 2017
    Introduced in Senate


  • May 10, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 115-2357: 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

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

USA115th CongressS-1082| Senate 
| Updated: 5/10/2017
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

Latest Companion Bill Action

HR 115-2357
Introduced in House
May 10, 2017
Introduced in Senate
May 10, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 4, 2017

    Latest Companion Bill Action

    HR 115-2357
    Introduced in House


  • May 10, 2017
    Introduced in Senate


  • May 10, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (4)
Jeanne Shaheen (Democratic)Margaret Wood Hassan (Democratic)Patrick J. Leahy (Democratic)Kirsten E. Gillibrand (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-2357: 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