3.0.0 1082 2023-01-11T13:36:29Z 2023-01-11T13:36:29Z Senate S 2017-05-10 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-05-10T14:56:47Z United States Employee Ownership Bank Act 115 2357 HR 2017-05-04 Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Identical bill CRS 2017-05-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-05-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-05-10 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2017-05-10 True H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2017-05-10 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2017-05-24 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Corporate finance and management Department of the Treasury Employee benefits and pensions Employment discrimination and employee rights Executive agency funding and structure Government lending and loan guarantees Labor-management relations Unemployment Finance and Financial Sector 00 2017-05-10 Introduced in Senate 2017-12-28T19:20:21Z United States Employee Ownership Bank Act

This bill requires the Department of the Treasury to establish the U.S. Employee Ownership Bank, which shall be authorized to provide, in accordance with specified terms, conditions, and other requirements, financial assistance to increase employee ownership of a company.

In addition, the bill amends the Worker Adjustment and Retraining Notification Act to specify that, in general, if an employer orders the closing of a plant or facility, the employer must offer its employees an opportunity to purchase the plant or facility though an employee stock-ownership plan or an eligible worker-owned cooperative.

]]> United States Employee Ownership Bank Act Display Title United States Employee Ownership Bank Act Official Title as Introduced A bill to provide for the establishment of the United States Employee Ownership Bank, and for other purposes. Introduced in Senate IS Short Titles as Introduced United States Employee Ownership Bank Act Introduced in Senate 2017-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1082is/xml/BILLS-115s1082is.xml 2017-05-10 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.