MA H2021

Bill

MA H2021

Relative to job creation through employee ownership

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to job creation through employee ownership. Labor and Workforce Development.

AI Summary

This bill aims to create job opportunities through employee ownership. It requires the president or CEO of a business corporation or plant to notify its employees in writing within seven days of signaling an intent to sell or transfer ownership. The employees will then have the right of first refusal to purchase the business through a cooperative or employee stock ownership program. This legislation is intended to provide employees with the opportunity to maintain their jobs and keep the business operating under new ownership.

Committee Categories

Labor and Employment

Sponsors (5)

Paul Mark (D)*, Carmine Gentile (D), David LeBoeuf (D), Maria Robinson (D), Lindsay Sabadosa (D),

Last Action

Accompanied a study order, see H5023 (on 09/06/2022)

Official Document

https://malegislature.gov/Bills/192/H2021

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H2021
Bill	https://malegislature.gov/Bills/192/H2021.pdf

Bill	Bill Name	Last Action	Type
H5023	Study Order	No further action taken	Replaced by
H511	Enabling the Massachusetts center for employee ownership	No further action taken	Similar To
S261	Enabling the Massachusetts Center for Employee Ownership	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S266	To provide direct investment for job creation and business expansion in rural communities	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > H2021

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary