Bills · HR 5778
REPORTED· 119TH CONGRESS
House BillHR 5778Small Business AdministrationBusiness investment and capital
Improving SBA Engagement on Employee Ownership Act
INTRO OCT 17· LAST ACTION DEC 17
READING
2MIN
COSPONSORS
5BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it could make it easier for more small businesses to become employee-owned. Employee-owned businesses are often seen as more resilient, fostering stronger local economies by keeping jobs and wealth within communities, as employees have a direct stake in the company's long-term success. If this bill becomes law, the SBA will be more actively promoting these business models and coordinating with other agencies and investors to support them.
If the bill does not pass, the SBA's efforts in promoting employee ownership might remain less visible and less coordinated. This could slow the growth of employee ownership options for small businesses, potentially limiting opportunities for local wealth creation and employee engagement in the workplace.
KEY PROVISIONS
3AI-extractedPROVISION 01
The head of the SBA, or their representative, must attend meetings and working groups hosted by other federal agencies if these meetings are about businesses owned by their employees or cooperatives.
This ensures the SBA is actively involved and coordinated with other government efforts to support employee-owned businesses.
PROVISION 02
The SBA must expand its outreach efforts for the Small Business Investment Company (SBIC) program to include the investors and limited partners of those companies, not just the companies themselves.
This could increase awareness and investment in small businesses, including those that are employee-owned, by reaching the people who provide capital.
PROVISION 03
Within 180 days of the bill becoming law, the SBA must use its "Small Business Employee Ownership and Cooperatives Promotion Program" to fulfill existing requirements for outreach and assistance related to employee ownership.
This clarifies and directs how the SBA should carry out specific, existing duties, ensuring they use a dedicated program for this purpose.
SPONSORSHIP
1 + 5
D· New Jersey
YRS IN OFFICE
2
BILLS LED
19
COSPONSOR BREAKDOWNBIPARTISAN · 80%
DEM 3 REP 2 IND 0
ACTION TIMELINE
6 EVENTSDEC 17
Reported by the Committee on Small Business. H. Rept. 119-412.
DEC 17
Placed on the Union Calendar, Calendar No. 358.
NOV 18
Committee Consideration and Mark-up Session Held
NOV 18
Ordered to be Reported by the Yeas and Nays: 27 - 0.
BILL INFO
TypeHouse Bill
NumberHR 5778
Congress119th
StatusReported
IntroducedOct 17, 2025
Last actionDec 17, 2025
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REPORTED· 119TH CONGRESS · SMALL BUSINESS COMMITTEE · INTRODUCED OCT 17, 2025
House BillHR 5778Small Business AdministrationBusiness investment and capital
Improving SBA Engagement on Employee Ownership Act
INTRODUCED OCT 17, 2025· LAST ACTION DEC 17, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
5
COMPLEXITY
Moderate
