Improving SBA Engagement on Employee Ownership Act

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9345 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 9345

  To direct the Administrator of the Small Business Administration to 
  improve outreach and education on employee ownership, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 17, 2022

 Mr. Phillips (for himself and Ms. Velazquez) introduced the following 
      bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To direct the Administrator of the Small Business Administration to 
  improve outreach and education on employee ownership, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Improving SBA Engagement on Employee 
Ownership Act''.

SEC. 2. AMENDMENT TO SMALL BUSINESS INVESTMENT COMPANY PROGRAM 
              OUTREACH.

    Section 862(c) of the John S. McCain National Defense Authorization 
Act for Fiscal Year 2019 (Public Law 115-232; 15 U.S.C. 648 note) is 
amended by inserting ``, and to the investors and limited partners of 
such companies,'' before ``to increase''.

SEC. 3. COOPERATIVE WORKING GROUP PARTICIPATION.

    Section 7(a)(35) of the Small Business Act (15 U.S.C. 636(35)) is 
amended by adding at the end the following new subparagraph:
                    ``(C) Working groups and other engagements.--The 
                Administrator (or a designee or official thereof) shall 
                attend working groups, meetings, fora, and any other 
                engagements hosted by any other Federal agency or 
                office to which the Administrator (or designees or 
                officials thereof) is invited, or with which the 
                Administrator (or a designee or official thereof) has 
                had a previous engagement or relationship, with respect 
                to cooperatives or employee ownership of business 
                concerns.''.
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