S.2909 - Worker Ownership, Readiness and Knowledge Act111th Congress (2009-2010)
|Sponsor:||Sen. Sanders, Bernard [I-VT] (Introduced 12/18/2009)|
|Committees:||Senate - Health, Education, Labor, and Pensions|
|Latest Action:||12/18/2009 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.|
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Subject — Policy Area:
- Labor and Employment
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Summary: S.2909 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in Senate (12/18/2009)
Worker Ownership, Readiness and Knowledge Act or the WORK Act - Directs the Secretary of Labor to establish within the Department of Labor an Office of Employee Ownership and Participation to promote employee ownership and employee participation in business decisionmaking.
Requires the Office Director, with federal grants and acting as an information clearinghouse, to: (1) support existing programs in the states designed to promote employee ownership and employee participation in business decisionmaking; and (2) promote the formation of new such programs.
Directs the Secretary to establish a program, administered by the Director, which is designed to foster employee ownership and employee participation in business decisionmaking throughout the United States.