January 5th, 2010 by B

Photographer: Zachary Korb

The Secretary of the Treasury will establish the United States Employee Bank for the purpose of fostering “increased employee ownership of United States companies and greater employee participation in company decision making throughout the United States.” This bank will be authorized to provide loans to to purchase a company through an employee stock ownership.
S. 2914 was referred to the Senate Committee on Banking, Housing, and Urban Affairs.

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