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Bill

S 6051

Relates to expanding employee ownership assistance for lesbian, gay, bisexual, transgender and non-binary individuals

2025 Regular Session Introduced by Kevin Parker

Expands access to employee ownership opportunities for LGBTQ+ individuals by boosting funding, education, and support to pursue or sustain employee-owned ventures.

REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
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Bill Summary · S 6051

Summary of Bill S 6051

Overview

  • Bill Number: S 6051
  • Title/Subject: Relates to expanding employee ownership assistance for lesbian, gay, bisexual, transgender and non-binary individuals (LGBTQ+).
  • Status: Referred to the Senate Committee on Commerce, Economic Development and Small Business.
  • Introduced: March 5, 2025
  • Primary Sponsor: Kevin S. Parker

Notes: The bill’s title indicates an expansion of programs or support related to employee ownership specifically aimed at LGBTQ+ individuals. The full text with detailed provisions is not provided in the summary, so the precise mechanisms remain to be seen.

Purpose and Intent

  • To broaden access to employee ownership opportunities for LGBTQ+ individuals.
  • The measure appears aimed at promoting inclusive business ownership and expanded participation in employee-owned business models among LGBTQ+ employees or entrepreneurs.

Key Provisions (Based on Title; text not provided)

  • The summary available does not include the bill’s specific statutory changes, definitions, funding sources, or program design.
  • Likely areas (typical for “employee ownership assistance” programs) may include expansion of:
    • Access to funding or financing mechanisms (grants, loans, or loan guarantees) for employee-owned ventures.
    • Education, outreach, and technical assistance to help LGBTQ+ individuals pursue or sustain employee ownership structures (e.g., employee stock ownership plans, worker cooperatives).
    • Administrative or regulatory adjustments to programs administered by a state department or related agency.

Important: The exact provisions, eligibility criteria, funding levels, timelines, and implementation details are not included in the provided information.

Affected Parties

  • LGBTQ+ individuals seeking to start or participate in employee-owned enterprises.
  • Small businesses and prospective employee-owned businesses seeking expansion or transition to employee ownership.
  • State agencies or departments responsible for administering employee ownership assistance programs.

Procedural and Timeline Aspects

  • The bill has been introduced and referred to the Committee on Commerce, Economic Development and Small Business.
  • No further committee action or schedule is provided in the current information.
  • As a referred measure, its next steps typically include committee hearings, potential amendments, and then floor consideration.

Related Legislation

  • S 6318 (prior-session)
  • S 7904 (prior-session)
  • A 4075 (companion) — listed as a companion bill in Assembly (duplicative entry)

Potential Impact (Contextual)

  • If enacted, the bill could improve access to ownership opportunities for LGBTQ+ workers and entrepreneurs, potentially supporting inclusive growth in small business sectors.
  • The impact would depend on the final text, including whether funding is provided, the scope of eligibility, and how programs are administered.

This summary reflects the information available: the bill’s stated aim, its introductory status, sponsor, and related measures. For a complete understanding, the full bill text and committee analysis would be needed once released.

Compiled from official sources — confirm details with the bill’s official record.

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