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US HB5958
Bill
Status
11/7/2025
Primary Sponsor
Ro Khanna
Click for details
AI Summary
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Requires six federal agencies (SBA, IRS, Treasury, Commerce, Agriculture, and Labor) to implement programs supporting worker-owned cooperatives, review regulations for barriers, and facilitate access to capital
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Establishes the United States Council on Worker Cooperatives within 180 days, chaired by the Secretary of Labor, to coordinate federal activities and develop a national strategy for worker cooperative development; the Council terminates after 10 years
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Mandates the SBA to create multilingual educational materials and outreach programs for worker-owned cooperatives in communities where English is not the predominant language
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Amends the Small Business Act to expand the intermediary lending pilot program for worker cooperatives from 2026-2036 with authorization increased from $20 million to $60 million
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Requires CDFIs to provide education and facilitation services for establishing and managing worker-owned cooperative businesses as a condition of receiving federal assistance
Legislative Description
National Worker Cooperative Development and Support Act
Commerce
Last Action
Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
11/7/2025