H.R. 9347 · 117th Congress
Main Street Employee Ownership 2.0 Act of 2022
- Stage
- In committee
- Sponsor
- Nydia Velázquez
- Introduced
- 2022-11-17
- Latest action
- 2022-11-17 · Introduced in House
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.