117-hr-9347117th Congress

Main Street Employee Ownership 2.0 Act of 2022

Sponsored By: Representative Velázquez, Nydia M. [D-NY-7]

Unknown

Summary

Main Street Employee Ownership 2.0 Act of 2022 This bill prohibits the Small Business Administration (SBA) from imposing certain requirements on loans to specified employee-owned businesses. For example, the SBA may not require a qualified employee trust or cooperative to provide any mandatory equity to receive a loan.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Velázquez, Nydia M. [D-NY-7]

NY • D

Cosponsors

  • Rep. Phillips, Dean [D-MN-3]

    MN • D

    Sponsored 11/17/2022

Roll Call Votes

No roll call votes available for this bill.

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