H.R. 2457 · 109th Congress
Employee Ownership Opportunity Act
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SandersSponsor11 cosponsors · 8 D, 3 R
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Lee
CM
D
Maloney
DM
R
Manzullo
DR
R
Rohrabacher
SB
R
Bachus
EC
D
Case
BF
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Frank
JS
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Schakowsky
GM
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Moore
MOD
Owens
AS
D
Schwartz4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Employee Ownership Opportunity Act - Amends the Community Reinvestment Act of 1977 regarding the requirement that, in connection with its examination of a financial institution, the appropriate federal financial supervisory agency assess the institution's record of meeting the credit needs of its entire community.
What it does: CRS summary · Introduced in House · May 18, 2005
Employee Ownership Opportunity Act - Amends the Community Reinvestment Act of 1977 regarding the requirement that, in connection with its examination of a financial institution, the appropriate federal financial supervisory agency assess the institution's record of meeting the credit needs of its entire community.
Requires the agency, in making such assessment, to consider as a factor capital investments, loans, loan participation, technical assistance, and grants by the institution to support or enable employees to establish employee stock ownership plans (ESOPs) or eligible worker owned cooperatives (EWOCs) that are at least 51 percent employee-owned plans or cooperatives and employ low- to moderate-income workers.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Employee Ownership Opportunity Act
Latest action (Jun 3, 2005): Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 18, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.