HR 7721 United States House · 118th Congress

National Worker Cooperative Development and Support Act

This bill establishes federal support for worker-owned cooperative businesses - entities owned and controlled by their employees. It creates the United States Council on Worker Cooperatives (under the Department of Labor) to coordinate agency efforts, identify regulatory barriers, and develop a national strategy. Covered agencies (like the SBA, Treasury, and Agriculture) must remove obstacles, provide capital access, offer education, and integrate cooperatives into federal programs. The bill also expands a small business lending pilot program for cooperatives with increased funding ($60 million annually through 2034) and requires multilingual outreach materials. The Council will operate for 10 years, reporting annually to Congress on progress and challenges.
Tags: Small Business
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
President
Introduced Mar 19, 2024 Last action Mar 19, 2024
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Full legislative history

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Total actions
2
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0
Committee
1
Mar 19, 2024
Committee
Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
Mar 19, 2024
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors

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