H. Rept. 115-645 1 (2018-04-24)

handle is hein.congrecreports/crptxabef0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
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                    115TH CONGRESS                                          REPORT
                        2d Session     HOUSE OF REPRESENTATIVES             115-645







                        MAIN STREET EMPLOYEE OWNERSHIP ACT OF 2018



                     APRIL 24, 2018.-Committed to the Committee of the Whole House on the State of
                                        the Union and ordered to be printed



                            Mr. CHABOT, from the Committee on Small Business,
                                          submitted the following


                                              REPORT

                                            [To accompany H.R. 5236]

                      The Committee on Small Business, to whom was referred the bill
                    (H.R. 5236) to expand opportunities available to employee-owned
                    business concerns through Small Business Administration loan pro-
                    grams, and for other purposes, having considered the same, report
                    favorably thereon with an amendment and recommend that the bill
                    as amended do pass.

                                                 CONTENTS
                                                                                     Page
                        I. Purpose  of the  Bill and  Sum m ary  .............................................................  4
                        II. Background  and  the  Need  for Legislation  ..............................................  4
                        III.  H earin gs  .......................................................................................................  5
                        IV .  Com m ittee  Consideration  .........................................................................  5
                        V .  C om m ittee  V otes  .......................................................................................  6
                        VI. Section-by-Section  Analysis of H.R. 5236  .................................................  9
                      VII. Congressional Budget Office Cost Estimate .............................................  11
                      V III.  U nfunded  M andates  ................................................................................... .  11
                      IX. New Budget Authority, Entitlement Authority and Tax Expenditures            11
                        X .  O versigh t  F in dings  ..................................................................................... .  11
                        XI. Statem ent of Constitutional Authority  ......................................................  11
                      XII. Congressional Accountability  Act  ..............................................................  12
                      XIII. Federal Advisory  Committee  Statement   ...................................................  12
                      XIV .  Statem ent  of N o  Earm arks  ........................................................................  12
                      XV. Statement of Duplication of Federal Programs ........................................  12
                      XVI. Disclosure  of Directed  Rule  M akings  .......................................................  12
                      XVII. Perform  ance  Goals  and  Objectives  ...........................................................  12
                    XVIII. Changes in Existing Law Made by the Bill, as Reported ........................ 12
                      The amendment is as follows:
                      Strike all after the enacting clause and insert the following:
                    SECTION 1. SHORT TITLE.
                      This Act may be cited as the Main Street Employee Ownership Act of 2018.

                        79-006

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