; and (ii) the chief corporate officer and a majority of the board of directors of such concern are socially and economically disadvantaged individuals. (B) Applicability The requirements of subparagraph (A) shall apply for the 2-year period beginning on the date on which the majority of the stock of such concern was acquired by an employee stock ownership plan or eligible worker-owned cooperative. . (d) Small business concerns owned and controlled by women Section 8(m) of the Small Business Act ( 15 U.S.C. 637(m) ) is amended by adding at the end the following: (9) Concerns owned by employee stock ownership plans or eligible worker-owned cooperatives (A) In general Notwithstanding any other provision of law, for the purposes of determining ownership and control of a concern under this subsection for award of a contract through a competition restricted to small business concerns owned and controlled by women, any interest in such concern held by an employee stock ownership plan or an eligible worker-owned cooperative, shall be treated in the same manner as an interest held by the women upon whom eligibility is based if— (i) such concern was a small business concern owned and controlled by women prior to the sale to an employee stock ownership plan or an eligible worker-owned cooperative