Rep. Moore Introduces Bipartisan Bill to Provide $5 Billion for Employee Business Ownership
This bill is currently in the early stages of the legislative process and has been sent to the House Financial Services and Ways and Means committees for review. It is considered active, but no further hearings or votes have been scheduled at this time.
This bill has support from both parties and addresses popular goals like keeping jobs in America. However, it still needs to pass through two different committees before it can be voted on.
The program focuses on traditional employer-employee structures and employee stock ownership plans, so gig workers and independent contractors would largely not benefit. However, in the rare case that a company relying on gig workers converts to a worker-owned cooperative, some gig workers who become cooperative members could gain an ownership stake.
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Document Type
Congressional Bill
Official Title
American Ownership and Resilience Act
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