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Support for Employee-Owned Businesses: New Opportunities and Information.

This act aims to make it easier for citizens to access information about businesses where employees are co-owners. This could encourage more people to consider such employment or investment, potentially impacting their finances and job security. The government will also actively participate in promoting this business model.
Key points
More information about employee-owned businesses will be available to investors and business partners.
The Small Business Administration (SBA) will actively participate in working groups and meetings concerning cooperatives and employee-owned businesses, increasing awareness and support for this model.
The act seeks to increase government engagement in promoting employee ownership, potentially creating new opportunities for citizens.
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Status:
Expired
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Additional Information
Print number: 117_HR_9345
Sponsor: Rep. Phillips, Dean [D-MN-3]
Process start date: 2022-11-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Improving SBA Engagement on Employee Ownership Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9345.

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 2022-11-17.

What are the main provisions?

Key points include:

  • More information about employee-owned businesses will be available to investors and business partners.
  • The Small Business Administration (SBA) will actively participate in working groups and meetings concerning cooperatives and employee-owned businesses, increasing awareness and support for this model.
  • The act seeks to increase government engagement in promoting employee ownership, potentially creating new opportunities for citizens.
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. Phillips, Dean [D-MN-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

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

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Labor