Voluntary Broadened Stock Ownership, Job Preservation, and Community Stabilization Act

[AI summary unavailable — showing source text] Voluntary Broadened Stock Ownership, Job Preservation, and Community Stabilization Act - Directs the Secretary of Commerce to conduct a continuing investigation to identify those industrial, manufacturing, business, agricultural, and service organizations which are in danger of ceasing operation or of outmigration and whose closing or relocation would result in substantial unemployment and economic dislocation in the community. Directs the Secretary to conduct a similar program where a concern is available for purchase and the employees, or the employees and the community, wish to acquire it through certain forms of ownership and control. Directs the Economic Development Administration (EDA), with the approval of the Secretary, to provide loans for technical assistance and loan guarantees for startup and operating costs to an employee or employee-community corporation which meets certain requirements in order that it may assume ownership and operation of an organization so identified. Conditions loans upon, among other factors: (1) certification that the corporation will allow new employees to participate and will adopt a method for acquisition of stock of persons no longer associa…