US Congress Senate Bill 1082 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on May 10 2017 - 25% progression, died in committee
Action: 2017-05-10 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

United States Employee Ownership Bank Act This bill requires the Department of the Treasury to establish the U.S. Employee Ownership Bank, which shall be authorized to provide, in accordance with specified terms, conditions, and other requirements, financial assistance to increase employee ownership of a company. In addition, the bill amends the Worker Adjustment and Retraining Notification Act to specify that, in general, if an employer orders the closing of a plant or facility, the employer must offer its employees an opportunity to purchase the plant or facility though an employee stock-ownership plan or an eligible worker-owned cooperative.

United States Employee Ownership Bank Act

Sen. Bernard Sanders [I-VT]	Sen. Kirsten Gillibrand [D-NY]	Sen. Patrick Leahy [D-VT]	Sen. Margaret Hassan [D-NH]
Sen. Jeanne Shaheen [D-NH]

Date	Chamber	Action
2017-05-10	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB2357 (Same As) 2017-05-04 - Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1082/all-info
Text	https://www.congress.gov/115/bills/s1082/BILLS-115s1082is.pdf