S. 1538: Small Business Employee Ownership Promotion Enhancement Act of 2018

115th Congress · introduced 2017-07-12 · Commerce · Latest: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436.

federal

Follow this bill, step by step

Where it came from: introduced 2017-07-12 · official record
Who proposed it: Sen. Peters, Gary C. [D-MI] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-436. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Small Business Employee Ownership Promotion Enhancement Act of 2018

Plain summary

Small Business Employee Ownership Promotion Enhancement Act of 2018 This bill amends the Small Business Act to require the Service Corps of Retired Executives (SCORE) to appoint a SCORE Employee Ownership Director, whose duties shall relate to the various forms of employee ownership. The director shall be responsible for: administering and disbursing materials that contain general information and technical assistance for the establishment of employee ownership structures; coordinating efforts for employee ownership with SCORE chapters located throughout the United States; providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including an employee stock ownership plan, a cooperative, and any other approach determined appropriate by the director; and providing the Small Business Administration and the Office of Entrepreneurial Development with statistics, including regional statistics from a SCORE chapter relating to services provided to small businesses potentially undertaking a form of employee ownership. The director may be a SCORE employee on the date of appointment.

Congressional Research Service summary (Reported to Senate with amendment(s)), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

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PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Small Business Employee Ownership Promotion Enhancement Act of 2018

Source: Congressional Research Service summary (Reported to Senate with amendment(s))

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Peters, Gary C. [D-MI] · 2 cosponsors

Cost estimate: CBO cost estimate: S. 1538, Small Business Employee Ownership Promotion Enhancement Act of 2018 (2018-06-27)

Cosponsors on this site

James E. Risch (R-ID), Kirsten E. Gillibrand (D-NY)

Sponsor's campaign money: Sen. Peters, Gary C. [D-MI] reported raising $303,094 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to Senate with amendment(s))
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s1538.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s1538 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115