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H.R. 5778119th CongressPlaced on the calendarLatest action Dec 17, 2025Decoded by AI · checked against the record
Official title: Improving SBA Engagement on Employee Ownership Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 5778 requires the SBA to join federal meetings and use existing programs to promote employee ownership, at no new cost.
50-second read · 4 questions answered below
HR 5778 requires the SBA to participate in federal agency meetings and working groups focused on employee ownership when invited or when an existing relationship applies. Within 180 days of enactment, the SBA must use an existing program to provide outreach and assistance on employee ownership. The bill also expands outreach about employee ownership to include investors and limited partners of small business investment companies, not just the companies themselves.
The bill primarily affects small business owners considering a transition to employee ownership and the workers who could become co-owners through that process. Investors and limited partners connected to small business investment companies are also newly included in the scope of SBA outreach.
By embedding the SBA in existing federal conversations, the bill could increase the visibility and accessibility of employee ownership as a business model. Expanding who receives outreach may lead more investors and small business stakeholders to engage with or consider employee ownership structures.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 358.