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Congress·Reported·H.R. 5778

Improving SBA Engagement on Employee Ownership Act

More SBA Support and Education for Employee-Owned Businesses

4 months ago·View on Congress.gov·Read full text

Legislative Progress

House
Senate
President
Law

Key Points

  • The bill tells the Small Business Administration to be more active in meetings about worker-owned businesses, like co-ops and employee stock plans.
  • SBA leaders or their staff would have to show up at federal meetings about employee ownership when invited, so workers and owners get better guidance.
  • It expands outreach so that not only small business funds, but also their investors and partners, learn how to support employee-owned companies.
  • The SBA must use its existing employee ownership promotion program to give more help and information within about 6 months.
  • For regular workers, this could make it easier to buy their company, keep jobs local, and share in profits if their boss wants to sell or retire.
Small BusinessLabor EmploymentEconomy

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

6 milestones8 actions
Dec 17, 2025House

Placed on the Union Calendar, Calendar No. 358.

The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.

Dec 17, 2025House

Reported by the Committee on Small Business. H. Rept. 119-412.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Dec 17, 2025

Reported by the Committee on Small Business. H. Rept. 119-412.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Nov 18, 2025House

Ordered to be Reported by the Yeas and Nays: 27 - 0.

The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.

Nov 18, 2025House

Committee Consideration and Mark-up Session Held

Votes

No votes have been recorded for this legislation yet.

News

No related news coverage found for this legislation yet.

Related Bills

No related bills have been identified yet.

Source Information

Document Type

Congressional Bill

Official Title

Improving SBA Engagement on Employee Ownership Act

Bill NumberHR 5778
Congress119th Congress
ChamberHouse of Representatives
Latest ActionPlaced on the Union Calendar, Calendar No. 358.
Read Full Bill Text

Sponsor

Cosponsors

(5)
D: 3R: 2

Analysis generated by AI. Always verify with official sources.