S. 2411: United States Employee Ownership Bank Act

Posted by Aaron Juckett, CPA, CPC, QPA, QKA on Thu, Jun 05, 2014
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Benard Bernie SandersS. 2411: United States Employee Ownership Bank Act was introduced on June 2, 2014, by Sen. Bernard Sanders [I-VT] and co-sponsored by Sen. Sherrod Brown [D-OH], and Sen. Patrick Leahy [D-VT].  It has been referred to the Senate Committee on Banking, Housing, and Urban Affairs, and the committee chair, Sen. Tim Johnson [D-SD], will determine whether the bill will move past the committee stage.

This bill is a reintroduction of S. 3419: United States Employee Ownership Bank Act (112th Congress) and S. 2909: WORK Act (111th Congress).

Here is the text of the legislation:

The text of S.2411 has not yet been received from GPO.  We will update when it becomes available.  Since this is a reintroduction of S. 3419: United States Employee Ownership Bank Act (112th Congress), the text should be similar.

Topics: legislation, In the News

Aaron Juckett, CPA, CPC, QPA, QKA
Written by Aaron Juckett, CPA, CPC, QPA, QKA

Aaron is President and Founder of ESOP Partners and provides implementation, administration, and consulting services to hundreds of companies. He is a member of The ESOP Association (TEA) and the National Center for Employee Ownership (NCEO).

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