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Support for Employee Ownership: New Programs and Grants

This act establishes an initiative to help employees become co-owners of businesses and participate in decision-making. Citizens may gain access to training, advice, and grants, potentially leading to greater job stability and profit sharing. The goal is to increase the number of companies where employees have a stake in management and ownership.
Key points
A new government initiative will be established to promote employee ownership and participation in business decision-making.
Federal grants will be available for education, outreach, and technical assistance programs supporting employees and employers in transitioning to employee ownership models.
Employees and employers can receive help in assessing the feasibility of transferring full or partial ownership to employees and in starting new employee-owned businesses.
The act authorizes funding from 2022 to 2026, with increasing amounts for grants, indicating long-term support for these initiatives.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_6024
Sponsor: Rep. Courtney, Joe [D-CT-2]
Process start date: 2021-11-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Work Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6024.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-11-18.

What are the main provisions?

Key points include:

  • A new government initiative will be established to promote employee ownership and participation in business decision-making.
  • Federal grants will be available for education, outreach, and technical assistance programs supporting employees and employers in transitioning to employee ownership models.
  • Employees and employers can receive help in assessing the feasibility of transferring full or partial ownership to employees and in starting new employee-owned businesses.
  • The act authorizes funding from 2022 to 2026, with increasing amounts for grants, indicating long-term support for these initiatives.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Courtney, Joe [D-CT-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Labor Economy Public Investments