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HR 5778 Advanced toward a vote

Requires the Small Business Administration to attend federal meetings on employee ownership and cooperatives when it is invited or has previously engaged with the host agency, and extends its small business investment outreach to the investors and limited partners of those companies.

Official title: Improving SBA Engagement on Employee Ownership Act

Next stop House floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced 17-OCT-2025
Referred 17-OCT-2025
Approved by committee 18-NOV-2025
Reported 17-DEC-2025
On the calendar 17-DEC-2025
Key points
  • Requires the SBA Administrator, or a designee, to attend working groups, meetings, and other engagements on cooperatives or employee ownership hosted by other federal agencies when invited or when a prior relationship exists.
  • Adds investors and limited partners of small business investment companies to the groups that the SBA must reach under Section 862(c) of the FY2019 National Defense Authorization Act.
  • Requires the SBA to carry out the outreach and education requirements of Section 862(e) within 180 days of enactment, through its Small Business Employee Ownership and Cooperatives Promotion Program.
AI-generated from the Reported in House text of 17-DEC-2025 · verify · report an error
Official CRS summary

No CRS summary yet. CRS writes one for most bills, often months after they move.

CRS is the Library of Congress's nonpartisan research office. Check on congress.gov
Committee referrals (1) Policy area

Commerce

Sponsor LaMonica McIver (D-NJ) Cosponsors · 5
■ 3 D■ 2 R