3.0.0 2457 2022-02-03T05:25:26Z 2022-02-03T05:25:26Z House H HR 2005-05-18 109 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2005-06-03T19:20:04Z Referred to 2005-05-18T14:02:00Z 2005-06-03 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2005-05-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-05-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-05-18 Introduced in House IntroReferral 1000 9 Library of Congress S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT N M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2005-05-18 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2005-05-18 True R000409 Rep. Rohrabacher, Dana [R-CA-46] DANA ROHRABACHER R CA 46 2005-05-18 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2005-05-18 True B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2005-05-23 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2005-05-23 False C001055 Rep. Case, Ed [D-HI-2] Ed Case D HI 2 2005-05-23 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2005-05-23 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2005-06-07 False O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2005-06-07 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2005-06-28 False Finance and Financial Sector Bank capital Bank examination Bank loans Capital investments Commerce Community development banking Cooperative societies Employee ownership Employment of the disadvantaged Labor and Employment Finance and Financial Sector 00 2005-05-18 Introduced in House 2005-06-30T21:42:40Z Employee Ownership Opportunity Act - Amends the Community Reinvestment Act of 1977 regarding the requirement that, in connection with its examination of a financial institution, the appropriate federal financial supervisory agency assess the institution's record of meeting the credit needs of its entire community.

Requires the agency, in making such assessment, to consider as a factor capital investments, loans, loan participation, technical assistance, and grants by the institution to support or enable employees to establish employee stock ownership plans (ESOPs) or eligible worker owned cooperatives (EWOCs) that are at least 51 percent employee-owned plans or cooperatives and employ low- to moderate-income workers.

]]> Employee Ownership Opportunity Act Short Titles as Introduced Employee Ownership Opportunity Act Display Title Employee Ownership Opportunity Act Official Title as Introduced To amend the Community Reinvestment Act of 1977 to allow community reinvestment credit for investments and other financial support to enable employees to establish certain employee stock ownership plans or eligible worker owned cooperatives. Introduced in House 2005-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr2457ih/xml/BILLS-109hr2457ih.xml 2005-06-03 Referred to the Subcommittee on Financial Institutions and Consumer Credit. 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.