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H.R. 5958IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 2 · H.R. 5958

Promotion of worker-owned cooperative business by certain agencies

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The head of each covered agency shall— (1) implement programs and initiatives to support and expand worker-owned cooperative businesses; (2) periodically review existing regulations and propose revisions to such regulations to remove barriers that impede the formation and expansion of worker-owned cooperative businesses; (3) facilitate access to capital for worker-owned cooperative businesses, including— (A) exploring innovative financing options; and (B) using existing programs to support worker-owned cooperative businesses; (4) coordinate with the United States Council on Worker Cooperatives established under section 4; (5) develop, use, and contribute to the Federal strategy described in section 4(d)(1); (6) conduct and support research with respect to— (A) the economic impact of worker-owned cooperative businesses; (B) barriers to growth for worker-owned cooperative businesses; and (C) the effectiveness of existing programs that relate to worker-owned cooperative businesses; (7) provide education, outreach, and technical assistance to assist existing businesses to transition to worker-owned cooperative businesses; (8) engage with businesses, nonprofit organizations, and academic institutions to identify best practices to enhance the use worker-owned cooperative businesses; and (9) provide relevant training for Federal workers to integrate worker-owned cooperative businesses into existing systems of Federal Government.

Sec. 2: Promotion of worker-owned cooperative business by certain agencies · Public Law Tracker