Washington, DC – Today, Representative Ro Khanna (CA-17) introduced the National Worker Cooperative Development and Support Act -- a bill that invests in worker-owned cooperative businesses by endowing the Small Business Administration (SBA), Internal Revenue Service (IRS), and numerous federal agencies with the authority to expand and implement policies supporting the business model.
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The legislation will launch a coordinated federal effort to provide funding, technical assistance, education, and an improved regulatory environment for worker co-ops as well as establish a United States Council on Worker Cooperatives, led by the Department of Labor. The council will report to Congress with a federal worker cooperative strategy, designed through identifying regulatory barriers, proposing solutions, and coordinating research and educational initiatives.
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