S. 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.