S.1538 - Small Business Employee Ownership Promotion Enhancement Act of 2018115th Congress (2017-2018)
|Sponsor:||Sen. Peters, Gary C. [D-MI] (Introduced 07/12/2017)|
|Committees:||Senate - Small Business and Entrepreneurship|
|Committee Reports:||S. Rept. 115-436|
|Latest Action:||Senate - 12/19/2018 By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: S.1538 — 115th Congress (2017-2018)All Information (Except Text)
Reported to Senate with amendment(s) (03/19/2018)
Small Business Employee Ownership Promotion Enhancement Act of 2018
This bill amends the Small Business Act to require the Service Corps of Retired Executives (SCORE) to appoint a SCORE Employee Ownership Director, whose duties shall relate to the various forms of employee ownership.
The director shall be responsible for:
- administering and disbursing materials that contain general information and technical assistance for the establishment of employee ownership structures;
- coordinating efforts for employee ownership with SCORE chapters located throughout the United States;
- providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including an employee stock ownership plan, a cooperative, and any other approach determined appropriate by the director; and
- providing the Small Business Administration and the Office of Entrepreneurial Development with statistics, including regional statistics from a SCORE chapter relating to services provided to small businesses potentially undertaking a form of employee ownership.
The director may be a SCORE employee on the date of appointment.