[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