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Support for Worker-Owned Businesses: New Programs and Funding Access

This act aims to support and expand businesses where employees are owners. Citizens may gain new opportunities to establish such enterprises, easier access to capital, and educational and technical assistance. The goal is to strengthen local economies and create new jobs.
Key points
Federal agencies will create programs to support worker-owned businesses, remove regulatory barriers, and facilitate access to financing.
A U.S. Council on Worker Cooperatives will be established to coordinate government efforts in developing these businesses and report on progress.
Increased funding for small business lending programs and financial institutions will educate about the value of worker-owned businesses.
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Status:
Expired
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Additional Information
Print number: 118_HR_7721
Sponsor: Rep. Khanna, Ro [D-CA-17]
Process start date: 2024-03-19
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
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OFFICIAL LEGAL TITLE

National Worker Cooperative Development and Support Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7721.

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 2024-03-19.

What are the main provisions?

Key points include:

  • Federal agencies will create programs to support worker-owned businesses, remove regulatory barriers, and facilitate access to financing.
  • A U.S. Council on Worker Cooperatives will be established to coordinate government efforts in developing these businesses and report on progress.
  • Increased funding for small business lending programs and financial institutions will educate about the value of worker-owned businesses.
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. Khanna, Ro [D-CA-17].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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

Labor Economy