What does Preamble of Improving SBA Engagement on Employee Ownership Act do?

This bill directs the Small Business Administration to improve outreach and education on employee ownership The bill has multiple sponsors, including Mrs. McIver, Mr. Bresnahan, and Ms. Velazquez The bill was referred to the Committee on Small Business and later committed to the Committee of the Whole House

What does SHORT TITLE. of Improving SBA Engagement on Employee Ownership Act do?

This bill is formally titled the Improving SBA Engagement on Employee Ownership Act.

What does COOPERATIVE WORKING GROUP PARTICIPATION. of Improving SBA Engagement on Employee Ownership Act do?

This section amends Section 7(a)(35) of the Small Business Act. The amendment adds a new subparagraph (C) regarding cooperative working group participation. The Administrator of the Small Business Administration (or a designee) is required to attend certain working groups and engagements. Attendance is required for groups the Administrator is invited to or has a previous engagement with. These groups focus on cooperatives or employee ownership of business concerns.

What does AMENDMENT TO SMALL BUSINESS INVESTMENT COMPANY PROGRAM of Improving SBA Engagement on Employee Ownership Act do?

This section amends the Small Business Investment Company Program The amendment affects outreach to investors and limited partners

What does OUTREACH AND ASSISTANCE. of Improving SBA Engagement on Employee Ownership Act do?

This bill directs the Small Business Administration (SBA) Administrator to carry out requirements outlined in section 862(e) of the John S. McCain National Defense Authorization Act for Fiscal Year 2019. The SBA Administrator will perform these actions through the Small Business Employee Ownership and Cooperatives Promotion Program. The SBA Administrator must carry out these requirements within 180 days of the Act's enactment.

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Improving SBA Engagement on Employee Ownership Act

Last updated: 12/17/2025 · Introduced: 10/17/2025

Author: LaMonica McIver (D-NJ)

TL;DR (AI)

The Small Business Administration is required to improve outreach and education on employee ownership through various programs and working groups.
The Administrator of the Small Business Administration must attend certain working groups and engagements focused on cooperatives or employee ownership of business concerns.
The bill amends the Small Business Investment Company Program to affect outreach to investors and limited partners, and directs the SBA to carry out specific requirements through the Small Business Employee Ownership and Cooperatives Promotion Program.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

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