The U.S. Impact Investing Alliance celebrates the introduction of a bipartisan, bicameral bill that will help catalyze employee ownership across the United States.

Owning a business is a key pathway to creating wealth and economic opportunity. Employee ownership models help democratize that pathway, by empowering workers and giving them a stake in the long-term success of not only their business, but their local economies.

The Employee Equity Investment Act (EEIA) builds on the existing Small Business Investment Company (SBIC) program to attract private investment capital to help create and grow employee owned businesses. The Alliance applauds the bipartisan group of Senators and Representatives championing this proposal in Congress, and we look forward to working with their offices to promote a competitive and resilient U.S. economy.

“American workers are the driving force behind the U.S. economy’s strength, dynamism and resilience. And with the right tools, investors can help empower them further,” said Fran Seegull, President of the U.S. Impact Investing Alliance.

“The U.S. Impact Investing Alliance is proud to endorse the Employee Equity Investment Act, a worker-focused piece of legislation that will leverage private capital to bolster employee ownership models and generate long-lasting economic opportunities for entrepreneurs, small businesses and local communities,” Seegull continued.

Read the full press release.