Sec. 2. Findings
127 words·~1 min read·
/bill/115/hr/2357/ih/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 January 2017, the manufacturing sector lost 4,929,000 jobs; as of January 2017, only 12,355,000 workers in the United States were employed in the manufacturing sector, a lower number than in July 1941; at the end of 2016, the United States had a trade deficit of $502,300,000,000, including a $347,037,900,000 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.