United States Employee Ownership Bank Act

Summary

United States Employee Ownership Bank Act - Directs the Secretary of the Treasury to establish the United States Employee Ownership Bank in order to foster increased employee ownership and participation in company decision-making throughout the United States. Lists among the Bank's duties providing loans to enable employees to purchase a business through an employee stock ownership plan or eligible worker-owned cooperative that is at least 51 percent employee-owned. States that such loans are subordinated to the interests of all other creditors, loan guarantees, and technical assistance programs. Amends the Community Reinvestment Act of 1977 to provide that in assessing and taking into account the record of a financial institution, the appropriate Federal financial supervisory agency may consider as a factor capital investments, loans, loan participation, technical assistance, financial advice, grants, and other ventures undertaken by the institution to support or enable manufacturing employees to establish employee stock ownership plans or eligible worker owned cooperatives that are at least 51 percent employee-owned plans or cooperatives.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 July 2003

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 25 July 2003

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 July 2003

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 August 2003

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 July 2003 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 July 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 July 2003

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 25 July 2003

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Sanders, Bernard [I-VT] · I · Sponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Sponsor
• Rep. Maloney, Carolyn B. [D-NY-12] · D · Sponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Sponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · R · Sponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Ryan, Tim [D-OH-13] · D · Sponsor
• Rep. Lantos, Tom [D-CA-12] · D · Sponsor
• Rep. Andrews, Robert E. [D-NJ-1] · D · Sponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Owens, Major R. [D-NY-11] · D · Sponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Sponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Sponsor
• Del. Bordallo, Madeleine Z. [D-GU-At Large] · D · Sponsor
• Rep. Case, Ed [D-HI-1] · D · Cosponsor
• Rep. Carson, Julia [D-IN-7] · D · Cosponsor
• · hsba00 · Standing

Related records

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