Government would boost support for small businesses interested in employee ownership.
This bill would require the Small Business Administration (SBA) to improve how it teaches small businesses about employee ownership. The SBA would join more government meetings on this topic and reach out to more investors. This means small businesses, cooperatives, and their investors would get better information and support to explore employee ownership.
Today, the Small Business Administration (SBA) isn't explicitly required to attend all relevant inter-agency meetings on employee ownership. Also, its outreach for Small Business Investment Companies doesn't specifically target investors. After this bill, the SBA would be required to participate in more inter-agency discussions. It would also expand its outreach to include investors and limited partners. Additionally, it would carry out existing employee ownership promotion requirements through a specific program within 180 days after the bill takes effect.
HR 5778 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
Sign in to see your representatives' phone numbers
2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.