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Small Business ESOP Bill

The Main Street Employee Ownership Act of 2018 was introduced as a means to increase the opportunities for employee-owned businesses through Small Business Administration loan programs, amending the Small Business Act to include such loans for the purposed of transferring ownership of the company to employees. The bill, if passed, would provide $500 million in support of ESOP programs, operated through the Small Business Administration.

www.plandadviser.com; May 11, 2018.