PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Congressional Research Service
Version 00 · Introduced in House · May 18, 2005
Employee Ownership Opportunity Act - Amends the Community Reinvestment Act of 1977 regarding the requirement that, in connection with its examination of a financial institution, the appropriate federal financial supervisory agency assess the institution's record of meeting the credit needs of its entire community.
Requires the agency, in making such assessment, to consider as a factor capital investments, loans, loan participation, technical assistance, and grants by the institution to support or enable employees to establish employee stock ownership plans (ESOPs) or eligible worker owned cooperatives (EWOCs) that are at least 51 percent employee-owned plans or cooperatives and employ low- to moderate-income workers.
People & committees
Rep. Sanders, Bernard [I-VT-At Large] · I–VT
Legislative record
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Feb 10, 2026. Consult Congress.gov for the current record.
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