[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1538 Reported in Senate (RS)]
<DOC>
Calendar No. 348
115th CONGRESS
2d 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, Mr. Risch, and Mrs. Gillibrand) introduced the
following bill; which was read twice and referred to the Committee on
Small Business and Entrepreneurship
March 19, 2018
Reported by Mr. Risch, with an amendment
[Strike out all after the enacting clause and insert the part printed
in italic]
_______________________________________________________________________
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,
<DELETED>SECTION 1. SHORT TITLE.</DELETED>
<DELETED> This Act may be cited as the ``Small Business Employee
Ownership Promotion Enhancement Act of 2017''.</DELETED>
<DELETED>SEC. 2. SCORE PROGRAM ASSISTANCE.</DELETED>
<DELETED> Section 8(b)(1)(B) of the Small Business Act (15 U.S.C.
637(b)(1)(B)) is amended--</DELETED>
<DELETED> (1) by inserting ``(i)'' after ``(B)'';</DELETED>
<DELETED> (2) in clause (i), as so designated, in the first
sentence, by striking ``(SCORE)'' and inserting ``(referred to
in this subparagraph as `SCORE')''; and</DELETED>
<DELETED> (3) by adding at the end the following:</DELETED>
<DELETED> ``(ii) SCORE shall appoint an individual
to serve as the SCORE Employee Ownership Director--
</DELETED>
<DELETED> ``(I) whose duties shall relate to
the various forms of employee
ownership;</DELETED>
<DELETED> ``(II) who shall be responsible
for--</DELETED>
<DELETED> ``(aa) administering and
disbursing materials that contain
general information and technical
assistance with respect to the
establishment of employee ownership
structures;</DELETED>
<DELETED> ``(bb) coordinating
efforts with respect to employee
ownership with the chapters of SCORE
located throughout the United
States;</DELETED>
<DELETED> ``(cc) providing technical
assistance relating to a range of
business forms and strategies that
promote or facilitate employee
ownership, including--</DELETED>
<DELETED> ``(AA) an employee
stock ownership plan;</DELETED>
<DELETED> ``(BB) a
cooperative; and</DELETED>
<DELETED> ``(CC) any other
approach determined appropriate
by the SCORE Employee Ownership
Director; and</DELETED>
<DELETED> ``(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</DELETED>
<DELETED> ``(III) who may be an employee of
the Administration as of the date on which the
appointment is made.''.</DELETED>
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Small Business Employee Ownership
Promotion Enhancement Act of 2018''.
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 SCORE as
of the date on which the appointment is
made.''.
Calendar No. 348
115th CONGRESS
2d Session
S. 1538
_______________________________________________________________________
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.
_______________________________________________________________________
March 19, 2018
Reported with an amendment