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Recognizing Co-Op Month: Cooperatives' Contribution to Economy and Community

The U.S. Senate expressed support for designating October as National Co-Op Month, highlighting the positive impact of the cooperative business model on the economy and citizens' daily lives. Cooperatives, owned by their members, support farmers, provide public utility services, offer financial and housing solutions, and create jobs, contributing to the stability and development of local communities.
Key points
Cooperatives are businesses owned by their members, who jointly manage and use their services, giving them greater control over economic decisions.
The cooperative model supports farmers, helping them increase incomes and market access, and creates over 250,000 jobs in rural areas.
Cooperatives provide essential services like electricity, water, telecommunications, and broadband, especially in rural areas where other companies often do not operate.
Financial cooperatives, including credit unions, offer member benefits like cost-saving programs and dividend payments, while housing cooperatives provide an alternative to traditional renting and ownership, promoting stability and self-governance.
article Official text account_balance Process page
Adopted
Citizen Poll
No votes cast
Additional Information
Print number: 117_SRES_866
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2022-12-08
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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

A resolution expressing support for the designation of October 2022 as "National Co-Op Month" and commending the cooperative business model and the member-owners, businesses, employees, farmers, ranchers, and practitioners who use the cooperative business model to positively impact the economy and society.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_SRES_866.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-08.

What are the main provisions?

Key points include:

  • Cooperatives are businesses owned by their members, who jointly manage and use their services, giving them greater control over economic decisions.
  • The cooperative model supports farmers, helping them increase incomes and market access, and creates over 250,000 jobs in rural areas.
  • Cooperatives provide essential services like electricity, water, telecommunications, and broadband, especially in rural areas where other companies often do not operate.
  • Financial cooperatives, including credit unions, offer member benefits like cost-saving programs and dividend payments, while housing cooperatives provide an alternative to traditional renting and ownership, promoting stability and self-governance.
What is the specific legal status?

The current status is Adopted.

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 Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S7083-7084; text: CR S7073-7074)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Agriculture Real Estate