HR 9347 · 117th Congress · Commerce

Main Street Employee Ownership 2.0 Act of 2022

Introduced 2022-11-17· Sponsored by Rep. Velazquez, Nydia M. [D-NY-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2022-11-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Phillips, Dean [D-MN-3]MN