Legis Daily

Improving SBA Engagement on Employee Ownership Act

USA119th CongressHR-5778| House 
| Updated: 12/17/2025
LaMonica McIver

LaMonica McIver

Democratic Representative

New Jersey

Cosponsors (5)
Gilbert Ray Cisneros (Democratic)Nydia M. Velázquez (Democratic)Maggie Goodlander (Democratic)Brian K. Fitzpatrick (Republican)Robert P. Bresnahan (Republican)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill aims to significantly enhance the Small Business Administration's (SBA) role in promoting and supporting employee ownership and cooperatives. It mandates that the SBA Administrator, or a designee, actively participate in federal working groups, meetings, and other engagements focused on these business models, particularly when invited or previously involved. Furthermore, the legislation expands the scope of outreach for Small Business Investment Company (SBIC) programs by requiring that information on employee ownership also be provided to the investors and limited partners of these companies. Within 180 days of enactment, the bill directs the SBA Administrator to fulfill existing outreach and assistance requirements through the Administration's dedicated Small Business Employee Ownership and Cooperatives Promotion Program , ensuring a focused approach to these initiatives.

Bill Text Versions

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2 versions available

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Timeline

Bill from Previous Congress

HR 117-9345
Improving SBA Engagement on Employee Ownership Act

Bill from Previous Congress

HR 118-10244
Improving SBA Engagement on Employee Ownership Act
Oct 17, 2025
Introduced in House
Oct 17, 2025
Referred to the House Committee on Small Business.
Nov 18, 2025
Ordered to be Reported by the Yeas and Nays: 27 - 0.
Nov 18, 2025
Committee Consideration and Mark-up Session Held
Dec 17, 2025
Placed on the Union Calendar, Calendar No. 358.
Dec 17, 2025
Reported by the Committee on Small Business. H. Rept. 119-412.
  • Bill from Previous Congress

    HR 117-9345
    Improving SBA Engagement on Employee Ownership Act


  • Bill from Previous Congress

    HR 118-10244
    Improving SBA Engagement on Employee Ownership Act


  • October 17, 2025
    Introduced in House


  • October 17, 2025
    Referred to the House Committee on Small Business.


  • November 18, 2025
    Ordered to be Reported by the Yeas and Nays: 27 - 0.


  • November 18, 2025
    Committee Consideration and Mark-up Session Held


  • December 17, 2025
    Placed on the Union Calendar, Calendar No. 358.


  • December 17, 2025
    Reported by the Committee on Small Business. H. Rept. 119-412.

Commerce

Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsSmall businessSmall Business Administration

Improving SBA Engagement on Employee Ownership Act

USA119th CongressHR-5778| House 
| Updated: 12/17/2025
This bill aims to significantly enhance the Small Business Administration's (SBA) role in promoting and supporting employee ownership and cooperatives. It mandates that the SBA Administrator, or a designee, actively participate in federal working groups, meetings, and other engagements focused on these business models, particularly when invited or previously involved. Furthermore, the legislation expands the scope of outreach for Small Business Investment Company (SBIC) programs by requiring that information on employee ownership also be provided to the investors and limited partners of these companies. Within 180 days of enactment, the bill directs the SBA Administrator to fulfill existing outreach and assistance requirements through the Administration's dedicated Small Business Employee Ownership and Cooperatives Promotion Program , ensuring a focused approach to these initiatives.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-9345
Improving SBA Engagement on Employee Ownership Act

Bill from Previous Congress

HR 118-10244
Improving SBA Engagement on Employee Ownership Act
Oct 17, 2025
Introduced in House
Oct 17, 2025
Referred to the House Committee on Small Business.
Nov 18, 2025
Ordered to be Reported by the Yeas and Nays: 27 - 0.
Nov 18, 2025
Committee Consideration and Mark-up Session Held
Dec 17, 2025
Placed on the Union Calendar, Calendar No. 358.
Dec 17, 2025
Reported by the Committee on Small Business. H. Rept. 119-412.
  • Bill from Previous Congress

    HR 117-9345
    Improving SBA Engagement on Employee Ownership Act


  • Bill from Previous Congress

    HR 118-10244
    Improving SBA Engagement on Employee Ownership Act


  • October 17, 2025
    Introduced in House


  • October 17, 2025
    Referred to the House Committee on Small Business.


  • November 18, 2025
    Ordered to be Reported by the Yeas and Nays: 27 - 0.


  • November 18, 2025
    Committee Consideration and Mark-up Session Held


  • December 17, 2025
    Placed on the Union Calendar, Calendar No. 358.


  • December 17, 2025
    Reported by the Committee on Small Business. H. Rept. 119-412.
LaMonica McIver

LaMonica McIver

Democratic Representative

New Jersey

Cosponsors (5)
Gilbert Ray Cisneros (Democratic)Nydia M. Velázquez (Democratic)Maggie Goodlander (Democratic)Brian K. Fitzpatrick (Republican)Robert P. Bresnahan (Republican)

Small Business Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsSmall businessSmall Business Administration