II
Calendar No. 348
115th CONGRESS
2d Session
S. 1538
IN THE SENATE OF THE UNITED STATES
July 12, 2017
Mr. Peters (for himself, Mr. Risch, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
March 19, 2018
Reported by Mr. Risch, with an amendment
Strike out all after the enacting clause and insert the part printed in italic
A BILL
To amend the Small Business Act to establish awareness of, and technical assistance for, the creation of employee stock ownership plans, and for other purposes.
Short title
This Act may be cited as the Small Business Employee Ownership Promotion Enhancement Act of 2017
.
SCORE program assistance
Section 8(b)(1)(B) of the Small Business Act (15 U.S.C. 637(b)(1)(B)) is amended—
by inserting (i)
after (B)
;
in clause (i), as so designated, in the first sentence, by striking (SCORE)
and inserting (referred to in this subparagraph as
; andSCORE
)
by adding at the end the following:
SCORE shall appoint an individual to serve as the SCORE Employee Ownership Director—
whose duties shall relate to the various forms of employee ownership;
who shall be responsible for—
administering and disbursing materials that contain general information and technical assistance with respect to the establishment of employee ownership structures;
coordinating efforts with respect to employee ownership with the chapters of SCORE located throughout the United States;
providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including—
an employee stock ownership plan;
a cooperative; and
any other approach determined appropriate by the SCORE Employee Ownership Director; and
providing the Administrator and the Office of Entrepreneurial Development with statistics, including regional statistics from a chapter of SCORE, relating to services provided to small business concerns potentially undertaking a form of employee ownership; and
who may be an employee of the Administration as of the date on which the appointment is made.
.
Short title
This Act may be cited as the Small Business Employee Ownership Promotion Enhancement Act of 2018
.
SCORE program assistance
Section 8(b)(1)(B) of the Small Business Act (15 U.S.C. 637(b)(1)(B)) is amended—
by inserting (i)
after (B)
;
in clause (i), as so designated, in the first sentence, by striking (SCORE)
and inserting (referred to in this subparagraph as
; andSCORE
)
by adding at the end the following:
SCORE shall appoint an individual to serve as the SCORE Employee Ownership Director—
whose duties shall relate to the various forms of employee ownership;
who shall be responsible for—
administering and disbursing materials that contain general information and technical assistance with respect to the establishment of employee ownership structures;
coordinating efforts with respect to employee ownership with the chapters of SCORE located throughout the United States;
providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including—
an employee stock ownership plan;
a cooperative; and
any other approach determined appropriate by the SCORE Employee Ownership Director; and
providing the Administrator and the Office of Entrepreneurial Development with statistics, including regional statistics from a chapter of SCORE, relating to services provided to small business concerns potentially undertaking a form of employee ownership; and
who may be an employee of SCORE as of the date on which the appointment is made.
.
March 19, 2018
Reported with an amendment