This bill aims to facilitate the establishment of employee stock ownership plans (ESOPs) by small businesses. It mandates the creation of a new position within the Small Business Administration (SBA) specifically tasked with providing comprehensive assistance to small business concerns regarding ESOPs. This assistance will cover crucial areas such as understanding tax implications, ensuring regulatory compliance, conducting stock valuation, and identifying opportunities for funding to establish these plans. The responsibilities of this new SBA position also include coordinating with both public and private entities to offer tailored resources and working closely with the Department of Labor to ensure compliance with all relevant regulatory requirements. Furthermore, the position will advocate for appropriate guidance from federal agencies concerning ESOP regulations. The bill requires the Administrator to submit annual reports to Congress detailing the position's activities, the number of businesses assisted, and policy recommendations for improving the ESOP establishment process for small businesses. An initial appropriation of $500,000 is authorized for the first fiscal year.