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Senate supports co-op model: vital role in agriculture, finance, and rural utilities

The US Senate expresses support for the cooperative business model, recognizing its vital role across the economy, particularly in agriculture, finance (like credit unions), and delivering essential public services (electricity, broadband) in rural areas. For citizens, this highlights the importance of organizations where members have democratic control, share profits, or benefit from lower costs, often providing necessary services where traditional companies do not operate. The resolution is symbolic and commits the Senate to protecting this business model in future legislation.
Key points
Cooperatives (e.g., credit unions, housing co-ops) are commended for providing members with democratic control and returning profits as cost savings or dividends.
Emphasis on utility cooperatives delivering electricity, water, and broadband, serving 56% of US landmass, including areas with persistent poverty.
The Senate commits to being mindful when drafting future legislation to ensure it does not negatively affect the cooperative business model.
article Official text account_balance Process page
Adopted
Citizen Poll
No votes cast
Additional Information
Print number: 118_SRES_525
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2024-01-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A resolution expressing support for the designation of October 2023 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 118_SRES_525.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-17.

What are the main provisions?

Key points include:

  • Cooperatives (e.g., credit unions, housing co-ops) are commended for providing members with democratic control and returning profits as cost savings or dividends.
  • Emphasis on utility cooperatives delivering electricity, water, and broadband, serving 56% of US landmass, including areas with persistent poverty.
  • The Senate commits to being mindful when drafting future legislation to ensure it does not negatively affect the cooperative business model.
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 S141; text: CR S150-151)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Agriculture Real Estate