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![handle is hein.congrecreports/crptxacdi0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
Calendar No. 348
115TH CONGRESS REPORT
2d Session JSENATE 1 115-436
SMALL BUSINESS EMPLOYEE OWNERSHIP PROMOTION
ENHANCEMENT ACT OF 2017
DECEMBER 19, 2018.-Ordered to be printed
Mr. RISCH, from the Committee on Small Business and
Entrepreneurship, submitted the following
REPORT
[To accompany S. 1538]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business and Entrepreneurship, to
which was referred the bill (S. 1538) to amend the Small Business
Act to establish awareness of, and technical assistance for, the cre-
ation of employee stock ownership plans (ESOPs), and for other
purposes, having considered the same, reports favorably thereon
with an amendment in the nature of a substitute and recommends
that the bill, as amended, do pass.
I. INTRODUCTION
S. 1538 was introduced by Senator Gary C. Peters, for himself,
and Senator James E. Risch, the Committee's Chairman, on July
12,2017.
This bill requires the SCORE Association, a Small Business Ad-
ministration (SBA) resource partner, to establish a new position re-
sponsible for administering informational resources regarding
ESOPs: the SCORE Employee Ownership Director. The Director's
duties include coordinating efforts for employee ownership within
SCORE chapters' nationwide and providing technical assistance
that promotes or facilitates employee ownership plans. This role
may be held by an existing SCORE employee.
II. HISTORY (PURPOSE & NEED FOR LEGISLATION)
Currently, there is no technical assistance program at SBA
tasked with educating small business owners on ESOPs. Under an
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