S. 1982 would provide for the establishment of the United States Employee Ownership Bank.

== Detailed Summary ==

<summary>
(Log inUnited States Employee Ownership Bank Act - Directs the Secretary of the Treasury to editestablish the wikiUnited States Employee Ownership Bank to foster increased employee ownership and begreater employee participation in company decisionmaking throughout the firstUnited States.

Requires the Bank to providemake: (1) loans (subordinated to the interests of all other creditors) and loan guarantees to employees to purchase a detailed summarybusiness through an employee stock ownership plan or eligible worker-owned cooperative; and (2) grants to states and nonprofit and cooperative organizations with experience in developing employee-owned businesses and worker-owned cooperatives to provide education, outreach, and technical assistance to such employee business efforts.

Requires the Bank to insure such loans or loan guarantees against nonrepayment of the bill!)outstanding loan balance.


</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 8/2/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
</status>

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== Points in Favor ==

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== Points Against ==

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