Mini-cast 229: The Employee Equity Investment Act by The ESOP Podcast published on 2023-05-20T03:24:43Z Bret Keisling discusses the Employee Equity Investment Act introduced in the US Senate by Sens. Van Hollen (D-MD) and Rubio and in the House by Reps. Phillips (D-MN) and Moore (R-UT), which directs the SBIC (of the SBA) to provide loan guarantees for investment funds that are devoted to expanding EO. The Employee Equity Investment Act supports private sector investors who proactively pitch selling business owners on employee ownership transactions and provides financing, so the seller does not need to do so themselves. This is expected to "flip the script" from the current transition process, which usually sees the selling shareholder take the initial steps towards a transaction. Links to the EEIA legislation, press release, fact sheet, and list of organizations who have endorsed the legislation including Ownership America and The ESOP Association are on our website, along with a full transcript of this episode: https://www.theesoppodcast.com/post/mini-cast-229-the-employee-equity-investment-act Genre Business