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.
View on Congress.gov