National Worker Cooperative Development and Support Act

# National Worker Cooperative Development and Support Act (HR 5958) Summary **What the Bill Would Do:** This bill would establish federal support for worker cooperatives—businesses owned and controlled by their employees rather than outside investors. If passed, it would create new programs to help people start and develop these cooperatives, provide training and technical assistance, and offer potential financial incentives. The legislation aims to expand an alternative business model where workers have a say in company decisions and share in profits. **Who It Affects:** The bill would primarily benefit workers interested in starting or joining employee-owned businesses, entrepreneurs seeking cooperative business models, and communities looking to develop local economic alternatives.

It could also affect federal budgets and agencies tasked with administering new cooperative development programs. **Current Status:** HR 5958 is currently in committee, meaning it hasn't yet advanced to a full vote in the House of Representatives. As a bill in the early legislative stage, it would require committee approval, House passage, Senate approval, and presidential signature before becoming law. No significant action has been reported at this time.