Legis Daily

Small Business Employee Ownership Promotion Enhancement Act of 2018

USA115th CongressS-1538| Senate 
| Updated: 12/19/2018
Gary C. Peters

Gary C. Peters

Democratic Senator

Michigan

Cosponsors (2)
Kirsten E. Gillibrand (Democratic)James E. Risch (Republican)

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

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


  • July 12, 2017
    Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • March 14, 2018
    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • March 19, 2018
    Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.


  • March 19, 2018
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 348.


  • December 19, 2018
    By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436.

Commerce

Business educationCorporate finance and managementEmployee benefits and pensionsSecuritiesSmall businessSocial work, volunteer service, charitable organizations

Small Business Employee Ownership Promotion Enhancement Act of 2018

USA115th CongressS-1538| Senate 
| Updated: 12/19/2018
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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

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


  • July 12, 2017
    Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • March 14, 2018
    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • March 19, 2018
    Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.


  • March 19, 2018
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 348.


  • December 19, 2018
    By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436.
Gary C. Peters

Gary C. Peters

Democratic Senator

Michigan

Cosponsors (2)
Kirsten E. Gillibrand (Democratic)James E. Risch (Republican)

Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business educationCorporate finance and managementEmployee benefits and pensionsSecuritiesSmall businessSocial work, volunteer service, charitable organizations