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 to foster increased employee ownership and greater employee participation in company decisionmaking throughout the United States. Requires the Bank to make: (1) loans (subordinated to the interests of all other creditors) and loan guarantees to employees to purchase a business through an employee stock ownership plan or eligible worker-owned cooperative; and (2) grants to states and nonprofit and cooperative organizations with experience in developing employee-owned businesses and worker-owned cooperatives to provide education, outreach, and technical assistance to such employee business efforts. Requires the Bank to insure such loans or loan guarantees against nonrepayment of the outstanding loan balance.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 August 2007

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 August 2007

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• Introduced in Senate

  summary · EN · 2 August 2007

  Open at official source

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