Employee Ownership Bank

Employee Ownership Bank

This Bill has:
10% Democratic Support in the Senate
0.5% Democratic Support in the House

  








    This bill was introduced by Peter DeFazio in the house and by Bernie Sanders in the senate.
    This bill would create a U.S. Employee Ownership Bank to provide $500 million in low-interest rate loans and other financial assistance to help workers purchase businesses through an employee stock ownership plan or a worker-owned cooperative.
Broad-based employee ownership has been proven to increase employment, productivity, sales and wages in the United States. Employee ownership boosts company productivity by 4 percent, shareholder returns by 2 percent and profits by 14 percent, according to a Rutgers University study.
House Bill: H.R. 2357
Democratic Support: 1
Introduced by: Rep. DeFazio, Peter A. [D-OR-4] (Introduced 05/04/2017)
Latest Action: 05/04/2017 Referred to House Education and the Workforce 


Cosponsors: 0
Senate Bill: S 1082 
Democratic Support: 5
Introduced by: Sen. Sanders, Bernard [I-VT] (Introduced 05/10/2017)
Latest Action:05/10/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Cosponsors:

Bernie Sanders promotes Employee Ownership