Hearing: Building Sustainable Businesses through Employee Ownership at SBA

Subcommittee on Oversight, Investigations, and Regulations (Committee on Small Business)

Tuesday, December 6, 2022 (10:00 AM)

2360 RHOB
Washington, D.C.
The Committee on Small Business Subcommittee on Oversight, Investigations, and Regulations will hold a hybrid hearing titled: “Building Sustainable Businesses through Employee Ownership at SBA.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, December 6, 2022 in Room 2360 of the Rayburn House Office Building. Participating members can also join remotely via Zoom. The hearing will allow Members to examine the challenges faced by employee-owned businesses in accessing affordable capital from the SBA, and SBA’s efforts to address those issues. The hearing will also provide Members the opportunity to receive feedback on two bills that aim to improve access to the Small Business Administration’s (SBA) 7(a) loan guarantee program for employee-owned firms. The measures are as follows: H.R. 9347, the “Main Street Employee Ownership 2.0 Act of 2022” and H.R. 9345, the “Improving SBA Engagement on Employee Ownership Act”.

Witnesses

Ms. Mo Manklang
Policy Director, United States Federation of Worker Cooperatives, Philadelphia, PA

  • Witness Statement [PDF] Added 12/06/2022 at 02:05 PM
  • Witness Truth in Testimony [PDF] Added 12/06/2022 at 02:05 PM
  • Witness Biography [PDF] Added 12/06/2022 at 02:05 PM

Mr. Corey Rosen
Founder, National Center for Employee Ownership, Covina, CA

  • Witness Statement [PDF] Added 12/06/2022 at 02:05 PM
  • Witness Truth in Testimony [PDF] Added 12/06/2022 at 02:05 PM
  • Witness Biography [PDF] Added 12/06/2022 at 02:05 PM

Mr. Keith D. Butcher
Partner, Mosaic Capital, Saint Louis, MO

  • Bio and Testimony [PDF] Added 12/06/2022 at 02:05 PM
  • Witness Truth in Testimony [PDF] Added 12/06/2022 at 02:05 PM

Mr. Scott Lockard
President, Hampton Enterprises, Lincoln, NE

Added 12/01/2022 at 08:04 PM
  • Bio and Testimony [PDF] Added 12/06/2022 at 02:05 PM
  • Witness Truth in Testimony [PDF] Added 12/08/2022 at 09:16 AM

Hearing Record

  • Hearing Notice [PDF]
  • Hearing: Witness List [PDF]

First Published: November 29, 2022 at 09:19 AM
Last Updated: December 8, 2022 at 09:16 AM