Employee Ownership Financing Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 5
- Latest action
- Jul 24, 2025
What it does
The Employee Ownership Financing Act would require the Secretary of Labor to establish an Office of Employee Ownership within the Department of Labor to carry out the Employee Ownership Initiative and administer a new Employee Ownership Loan Program. The loan program would provide financing or loan guarantees—up to a total outstanding principal of $500 million—to eligible entities such as employee stock ownership plans (ESOPs), worker-owned cooperatives, or trusts acting on their behalf, to support companies becoming or remaining at least 51% employee-owned. The bill also grants employees a right of first refusal to purchase their workplace through an ESOP or cooperative in the event of a…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.