Chris Van Hollen (D-MD)

S.Amdt. 3743

S.Amdt. 3743 · Senate amendment

A Democratic amendment with no cosponsors

Changes S. 2296 — National Defense Authorization Act for Fiscal Year 2026

Offered

Offered, and not voted on yet. Most amendments never get a vote: the Senate takes up the bill and moves on without them.

Its path through Congress

  1. Introduced
  2. Pending Consideration

What this amendment would do

This amendment, submitted by Mr. Van Hollen, aims to add a new section called Unconditional Ownership and Control Requirements for Certain Employee-Owned Small Business Concerns to bill S. 2296.

The purpose of this amendment is to address the sense of Congress that ownership structures for eligible worker-owned cooperatives and employee stock ownership plans create barriers to accessing set-aside procurement programs. It asserts that these structures should not stop an otherwise eligible entity from accessing these programs.

To achieve this, the amendment adds the following:

  • A Study and Report: The Administrator of the Small Business Administration must work with stakeholders and Federal agencies to study and recommend alternatives to unconditional ownership and control requirements.
  • Public and Congressional Disclosure: The study must be made public on the Small Business Administration website and submitted to Congress with an implementation plan.
  • Statutory Changes: The Administrator must identify any necessary statutory changes needed to implement the recommendations.
  • Small Business Act Amendments: It modifies section 3(q) of the Small Business Act by removing specific language regarding stock owned by an ESOP and striking paragraph (6).