1. Short title This Act may be cited as the United States Employee Ownership Bank Act . 2. Findings Congress finds that— (1) between January 2000 and January 2017, the manufacturing sector lost 4,929,000 jobs; (2) 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; (3) 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; (4) preserving and increasing decent paying jobs must be a top priority of Congress; (5) 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 (6) 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. 3. Definitions In this Act— (1) the term Bank means the United States Employee Ownership Bank established under section 4; (2) the term eligible worker-owned cooperative has the meaning given the term in section 1042(c)(2) of the Internal Revenue Code of 1986; (3) the term employee stock ownership plan has the meaning given the term in section 4975(e)(7) of the Internal Revenue Code of 1986