HR 3383
Employee Equity Investment Act of 2023
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- Passed House
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Bill overview
The Employee Equity Investment Act of 2023 creates a new facility within the Small Business Investment Act to encourage investment in small businesses by employee stock ownership plans and eligible worker-owned cooperatives. This facility will provide leverage to licensed employee equity investment companies and non-EEIC companies, with specific rules around investment types, trustee independence, and financial advisor oversight. The goal is to promote employee ownership and investment in small businesses, particularly those created through corporate divestitures.
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Primary sponsor
Dean Phillips
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