Us Congress Senate Bill SR922

Us Congress 2023-2024 Regular Session

Caption

A resolution expressing support for the designation of October 2024 as "National Co-Op Month" and commending the cooperative business model and the member-owners, businesses, employees, farmers, ranchers, and practitioners who use the cooperative business model to positively impact the economy and society.

Impact

The resolution reinforces the long-standing tradition of cooperatives in the U.S., which date back to the 1800s. It recognizes their importance as an alternative to conventional businesses, particularly in sectors such as housing and agriculture. By fostering community driving cooperative ownership, SR922 aims to enhance stability and self-governance in communities, especially for those in persistent poverty areas, where cooperatives thrive. The bill is positioned to encourage further dialogue and legislation that aligns with the principles of cooperative models.

Summary

SR922 is a resolution that expresses support for the designation of October 2024 as 'National Co-Op Month'. The bill highlights the significance of the cooperative business model, which is structured to be owned and managed by its members. The resolution commends the contributions of cooperatives to the economy and society, particularly emphasizing their role in creating jobs, providing quality products and services, and enhancing local communities. This support reflects an acknowledgment of the varying sectors where cooperatives operate, from agriculture to utilities.

Contention

While the resolution does not directly amend any laws or impose regulations, it signals legislative intent to support and potentially expand cooperative initiatives. Critics might argue that focusing too heavily on cooperatives could overshadow other business models, thus invoking debates on market fairness, competition, and the distribution of resources. However, the bill's intent to promote economic resilience and community empowerment reflects a bipartisan recognition of the cooperative business model’s significance.