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H.R.3385 / 116th Congress

SEEED Commission Act of 2019

Referred to the House Committee on Oversight and Reform.

Official summary

Version 00 · Introduced in House · Jun 20, 2019

Social Enterprise Ecosystem and Economic Development Commission Act of 2019 or the SEEED Commission Act of 2019

This bill establishes the Commission on the Advancement of Social Enterprise to examine and make recommendations on ways the federal government can support and utilize social enterprises (i.e., businesses created to further a social purpose in a financially sustainable way).

The commission must (1) establish criteria for identifying social enterprises for purposes of federal programs, and (2) identify opportunities for the federal government to engage social enterprises in creating jobs and strengthening local economies.

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The areas studied and potential recommendations offered shall include, among other things

the role of social enterprises in addressing economic, social, and environmental policy challenges across all levels of government;

corporate legal structures that foster or impede the development of social enterprises;

how to reform federal securities laws to encourage impact investing; and

barriers to social enterprise growth.

The commission shall (1) report to the President and Congress within one year after it establishes criteria by which to identify social enterprise, and (2) terminate 90 days after it submits its report.

Read the summary on Congress.gov
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Who introduced it

Rep. Cicilline, David N. [D-RI-1] · D–RI

Committees

  • Oversight and Government Reform Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Referred to the House Committee on Oversight and Reform.

    2. Introduced in House

    3. Introduced in House

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