Four Progressive Senators Introduce Pro-Employee Ownership Legislation

Sens. Bernie Sanders (I-VT), Patrick Leahy (D-VT), Kirsten Gillibrand (D-NY), and Maggie Hassan (D-NH) introduced two bills to support employee ownership. The first, the WORK Act, would provide $45 million to establish and support state employee ownership centers, modeled after the Vermont Employee Ownership Center. The second bill would create a U.S. Employee Ownership Bank, designed to provide $500 million in incentivized loans to support the creation of ESOPs and worker cooperatives.