[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1538 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 1538

    To amend the Small Business Act to establish awareness of, and 
  technical assistance for, the creation of employee stock ownership 
                     plans, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 12, 2017

 Mr. Peters (for himself and Mr. Risch) introduced the following bill; 
 which was read twice and referred to the Committee on Small Business 
                          and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
    To amend the Small Business Act to establish awareness of, and 
  technical assistance for, the creation of employee stock ownership 
                     plans, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Employee Ownership 
Promotion Enhancement Act of 2017''.

SEC. 2. SCORE PROGRAM ASSISTANCE.

    Section 8(b)(1)(B) of the Small Business Act (15 U.S.C. 
637(b)(1)(B)) is amended--
            (1) by inserting ``(i)'' after ``(B)'';
            (2) in clause (i), as so designated, in the first sentence, 
        by striking ``(SCORE)'' and inserting ``(referred to in this 
        subparagraph as `SCORE')''; and
            (3) by adding at the end the following:
                    ``(ii) SCORE shall appoint an individual to serve 
                as the SCORE Employee Ownership Director--
                            ``(I) whose duties shall relate to the 
                        various forms of employee ownership;
                            ``(II) who shall be responsible for--
                                    ``(aa) administering and disbursing 
                                materials that contain general 
                                information and technical assistance 
                                with respect to the establishment of 
                                employee ownership structures;
                                    ``(bb) coordinating efforts with 
                                respect to employee ownership with the 
                                chapters of SCORE located throughout 
                                the United States;
                                    ``(cc) providing technical 
                                assistance relating to a range of 
                                business forms and strategies that 
                                promote or facilitate employee 
                                ownership, including--
                                            ``(AA) an employee stock 
                                        ownership plan;
                                            ``(BB) a cooperative; and
                                            ``(CC) any other approach 
                                        determined appropriate by the 
                                        SCORE Employee Ownership 
                                        Director; and
                                    ``(dd) providing the Administrator 
                                and the Office of Entrepreneurial 
                                Development with statistics, including 
                                regional statistics from a chapter of 
                                SCORE, relating to services provided to 
                                small business concerns potentially 
                                undertaking a form of employee 
                                ownership; and
                            ``(III) who may be an employee of the 
                        Administration as of the date on which the 
                        appointment is made.''.
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