,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #biic  ,,in ,,the ,,house ,,of  
,,representatives  ,april #bd1 #bjbe,mr4
 ,case 7for himself1 ,mr4 ,bresnahan1   
and ,ms4 ,tlaib7 introduced the         
following bill2 which was referred to   
the ,committee on ,small ,business  ,a  
,,bill  ,to establish a position in the 
,small ,business ,administration to     
provide to small businesses assistance  
with establishing employee stock        
ownership plans1 and for other purposes4
  #a4 ,short title ,this ,act may be    
cited as the ,,esop ,funding for ,,sba  
,position ,act of #bjbe4  #b4           
,establishment of ,,esop support        
position  7a7 ,in general ,there is     
established in the ,administration a    
position in the competitive service 7as 
such term is defined in section #bajb of
 title #e1 ,united ,states ,code7 which 
shall be appointed by the ,administrator
 and responsible for providing small    
business concerns assistance with       
establishing employee stock ownership   

plans4  7b7 ,responsibilities ,the      
responsibilities of the position        
established under subsection 7a7        
include-- 7#a7 providing guidance to    
small business concerns on establishing 
employee stock ownership plans1         
including tax treatment of such plans1  
regulatory compliance1 stock valuation1 
and opportunities to acquire funding to 
establish such a plan2  7#b7            
coordinating with relevant public and   
private entities to provide assistance  
and resources for establishing employee 
stock ownership plans that are tailored 
for small business concerns2  7#c7      
coordinating with the relevant personnel
 at the ,department of ,labor to assist 
small business concerns establishing    
employee stock ownership plans with     
compliance with all relevant regulatory 
requirements2  7#d7 advocating for      
appropriate guidance from relevant      
,federal agencies1 including the        
,department of ,labor1 regarding        
regulations relating to establishing and

 maintaining employee stock ownership   
plans1 including regulations regarding  
stock valuation and employee ownership2 
and  7#e7 such other responsibilities as
 determined appropriate by the          
,administrator4  #c4 ,reporting ,not    
later than one year after the date of   
the enactment of this ,act1 and annually
 thereafter1 the ,administrator shall   
submit to ,congress a report on the     
activities of the position established  
under section #b7;a71 including the     
number of small business concerns that  
have received assistance from such      
position1 the types of assistance and   
resources provided to small business    
concerns by such position1 and any      
policy recommendations for improving the
 process for small business concerns to 
establish and maintain employee stock   
ownership plans4  #d4 ,definitions ,in  
this ,act3 7#a7 ,administration ,the    
term ,administration means the ,small   
,business ,administration4  7#b7        
,administrator ,the term ,administrator 

means the ,administrator of the         
,administration4  7#c7 ,employee stock  
ownership plan ,the term employee stock 
ownership plan has the meaning given    
such term in section #dige7;e77#g7 of   
the ,internal ,revenue ,code of #aihf   
7#bf ,u4,s4,c4 #dige7;e77#g774  7#d7    
,small business concern ,the term small 
business concern has the meaning given  
such term under section #c of the ,small
 ,business ,act 7#ae ,u4,s4,c4 #fcb74   
#e4 ,authorization of appropriations    
,there is authorized to be appropriated 
such sums as are necessary to carry out 
this ,act1 except that1 for the fiscal  
year in which this ,act is enacted1     
there is authorized #ejj1jjj to carry   
out this ,act4