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HR 9347 117th Congress House Commerce

Main Street Employee Ownership 2.0 Act of 2022

Introduced: November 17, 2022 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 17, 2022
Referred to the House Committee on Small Business.
Nov 17, 2022
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now November 17, 2022

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1