# 119-hr-5778: Improving SBA Engagement on Employee Ownership Act

119-hr-5778, Improving SBA Engagement on Employee Ownership Act, is a 119th Congress bill sponsored by Rep. McIver, LaMonica [D-NJ-10] (D-NJ); status in_committee; PRIA reads it as touching household money (as of 2026-06-12).

- Canonical: https://policyrisk.com/legislation/119-hr-5778
- As of: 2026-06-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5778
- Congress: 119
- Title: Improving SBA Engagement on Employee Ownership Act
- Status: in_committee
- Introduced: 2025-10-17
- Sponsor: Rep. McIver, LaMonica [D-NJ-10] (D-NJ)
- Cosponsors: 5
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-06-12

## Summary

**Boosts SBA outreach and education to support employee ownership and cooperatives.** This bill would direct the Small Business Administration to expand outreach and education about employee ownership and cooperatives and to participate in relevant federal engagements when invited or when the SBA already has a prior relationship.

## Cosponsors (5)

- Rep. Bresnahan, Robert P. [R-PA-8] (R-PA), 2025-10-17T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2025-10-17T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-11-12T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2025-11-17T00:00:00.000Z
- Rep. Goodlander, Maggie [D-NH-2] (D-NH), 2025-11-18T00:00:00.000Z

## Provisions PRIA read

- More outreach to small business investors: benefit, low. If enacted, SBA outreach would also target investors and limited partners in Small Business Investment Companies. This would start upon enactment. Investors could get more information and engagement from the SBA. The bill does not specify new funding or tax changes.
- More SBA help on employee ownership: benefit, low. If enacted, SBA leaders would have to attend federal meetings on cooperatives and employee ownership when invited or previously involved. The meeting rule would start upon enactment. The SBA would also use its Employee Ownership and Cooperatives Promotion Program. It would carry out a 2019 outreach…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2598: IDEA Full Funding Act

## Sources
- [119-hr-5778 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5778)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2598: IDEA Full Funding Act](https://policyrisk.com/legislation/119-hr-2598)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5778 (as of 2026-06-12).