3.0.0 2969 2023-01-15T06:02:45Z 2023-01-15T06:02:45Z House H HR 2003-07-25 108 hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2003-08-04T16:01:36Z Referred to 2003-07-25T13:04:10Z 2003-08-04 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Committee 2003-07-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-07-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-07-25 Introduced in House IntroReferral 1000 9 Library of Congress S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT N R000409 Rep. Rohrabacher, Dana [R-CA-46] DANA ROHRABACHER R CA 46 2003-07-25 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2003-07-25 True M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2003-07-25 True M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2003-07-25 True G000280 Rep. Goode, Virgil H., Jr. [R-VA-5] VIRGIL GOODE R VA H. 5 2003-07-25 True L000342 Rep. Lipinski, William O. [D-IL-3] WILLIAM LIPINSKI D IL O. 3 2003-07-25 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2003-07-25 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2003-07-25 True L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2003-07-25 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2003-07-25 True S000248 Rep. Serrano, Jose E. [D-NY-16] JOSE SERRANO D NY E. 16 2003-07-25 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2003-07-25 True O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2003-07-25 True K000180 Rep. Kilpatrick, Carolyn C. [D-MI-13] CAROLYN KILPATRICK D MI CHEEKS 13 2003-07-25 True C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2003-07-25 True B001245 Del. Bordallo, Madeleine Z. [D-GU-At Large] Madeleine Bordallo D GU Z. 0 2003-07-25 True C001055 Rep. Case, Ed [D-HI-2] Ed Case D HI 2 2003-09-03 False C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2004-02-03 False Finance and Financial Sector Administrative procedure Bank examination Bank loans Bank management Business education Commerce Community development banking Conferences Cooperative societies Credit insurance Decision making Department of the Treasury Economics and Public Finance Employee ownership Executive reorganization Federal officials Federally-guaranteed loans Fees Government Operations and Politics Government lending Government paperwork Government publicity Government trust funds Grants-in-aid Industrial relations Insurance premiums Labor and Employment Law Losses Nonprofit organizations Profit sharing Social Welfare Finance and Financial Sector 00 2003-07-25 Introduced in House 2003-10-21T19:42:21Z United States Employee Ownership Bank Act - Directs the Secretary of the Treasury to establish the United States Employee Ownership Bank in order to foster increased employee ownership and participation in company decision-making
throughout the United States.

Lists among the Bank's duties providing loans to enable employees to purchase a business through an employee stock ownership plan or eligible worker-owned cooperative that is at least 51 percent employee-owned.

States that such loans are subordinated to the interests of all other creditors, loan guarantees, and technical assistance programs.

Amends the Community Reinvestment Act of 1977 to provide that in assessing and taking into account the record of a financial institution, the appropriate Federal financial supervisory agency may consider as a factor capital investments, loans, loan participation, technical assistance, financial advice, grants, and other ventures undertaken by the institution to support or enable manufacturing employees to establish employee stock ownership plans or eligible worker owned cooperatives that are at least 51 percent employee-owned plans or cooperatives.

]]> United States Employee Ownership Bank Act Display Title United States Employee Ownership Bank Act Official Title as Introduced To provide for the establishment of the United States Employee Ownership Bank, and for other purposes. Introduced in House IH Short Titles as Introduced United States Employee Ownership Bank Act Introduced in House 2003-07-25T04:00:00Z 2003-08-04 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.