# 115-hr-5236: Main Street Employee Ownership Act of 2018

115-hr-5236, Main Street Employee Ownership Act of 2018, is a 115th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-5236
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-5236
- Congress: 115
- Title: Main Street Employee Ownership Act of 2018
- Status: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced: 2018-03-08
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Main Street Employee Ownership Act of 2018 This bill amends the Small Business Act to expand the authority of the Small Business Administration (SBA) to guarantee loans for qualified employee trusts of a small business to purchase the stock of that business. Specifically, the bill allows the guaranteed loan to also cover transactions costs associated with purchasing the stock. In addition, it allows loans to a small business to be guaranteed if the loan proceeds will: (1) be used to provide loans to a qualified employee trust of the small business to purchase the business's stock; and (2) result in the trust owning at least 51% of the business's stock. The SBA must guarantee loans to cooperatives in which employees are eligible for membership for such stock purchases. The SBA shall establish: (1) an outreach program with licensed small business investment companies to increase investment in transitions to employee-owned businesses, and (2) a Small Business Employee Ownership and Cooperative Promotion Program to offer technical assistance and training on the transition to employee ownership through cooperatives and qualified employee trusts. The Administrator of the SBA shall coordinate an interagency working group on employee-owned businesses.

## Related bills

- 115-hr-7382: Fannie Mae and Freddie Mac Lobbying Regulation Act of 2018
- 115-hr-7355: PRRADA
- 115-hr-7354: Small Business Lending Fairness Act
- 115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ayrault Road in Fairport, New York, as the "Louise and Bob Slaughter Post Office".
- 115-hr-7240: To designate the Manhattan Campus of the New York Harbor Health Care System of the Department of Veterans Affairs as the "Margaret Cochran Corbin Campus of the…
- 115-hr-7228: Reproductive Rights are Human Rights Act of 2018

## Sources
- [115-hr-5236 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/5236)

## Related
- [115-hr-7382: Fannie Mae and Freddie Mac Lobbying Regulation Act of 2018](https://policyrisk.com/legislation/115-hr-7382)
- [115-hr-7355: PRRADA](https://policyrisk.com/legislation/115-hr-7355)
- [115-hr-7354: Small Business Lending Fairness Act](https://policyrisk.com/legislation/115-hr-7354)
- [115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ay…](https://policyrisk.com/legislation/115-hr-7293)
- [115-hr-7240: To designate the Manhattan Campus of the New York Harbor Health Care System of…](https://policyrisk.com/legislation/115-hr-7240)
- [115-hr-7228: Reproductive Rights are Human Rights Act of 2018](https://policyrisk.com/legislation/115-hr-7228)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-5236 (as of 2025-11-18).