Sec. 2. Findings
125 words·~1 min read·
/bill/113/s/2411/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress finds that— between January 2000 and April 2014, the manufacturing sector lost 5,183,000 jobs; as of April 2014, only 12,100,000 workers in the United States were employed in the manufacturing sector, lower than June 1941; at the end of 2013, the United States had a trade deficit of $474,864,000,000, including a recordbreaking $318,417,200,000 trade deficit with China; preserving and increasing decent paying jobs must be a top priority of Congress; providing loan guarantees, direct loans, and technical assistance to employees to buy their own companies will preserve and increase employment in the United States; and the time has come to establish the United States Employee Ownership Bank to preserve and expand jobs in the United States through Employee Stock Ownership Plans and worker-owned cooperatives.