As reported by Senator Kirsten Gillibrand’s (D-NY) office, the Main Street Employee Ownership Act was officially signed into law today by President Trump as part of the Fiscal Year 2019 National Defense Authorization Act.  Final language is attached.

Final FY19 NDAA Conference Language for Main Street Employee Ownership Act

This is the biggest employee ownership victory in two decades!  This legislation received bipartisan support.  Many thanks to Indiana Senator Todd Young (R-IN) for co-sponsoring this legislation.  Additionally, thanks to Sen James Risch (R-ID), Sen Jeanne Shaheen (D-NH), Sen Cory Booker (D-NJ), Sen Susan Collins (R-ME), and Sen Benjamin Cardin (D-MD) for also co-sponsoring this legislation.  Lastly, thanks to Senator Kirstin GIllibrand for introducing this legislation on April 26, 2018.