For decades Employee Stock Ownership Plans have received unprecedented bipartisan and bicameral support in Congress. This is only possible because of the tireless work of our passionate community. However, there are some fundamental issues that our community must rally around if we want to continue to grow and thrive in the years to come.
To both support American competitiveness and to help address the “silver tsunami” would you support grant funding for state employee ownership centers that offer education and technical assistance to businesses seeking to explore, convert to or manage an ESOP?
The ESOP Association is seeking regulatory clarity from the U.S. Department of Labor on a range of essential topics. This guidance clarity is needed so ESOPs do not continue to make business decisions under a fog of regulatory uncertainty.
The U.S. House of Representatives passed H.R. 2954, the Securing A Strong Retirement Act (SECURE 2.0) by a massive bi-partisan majority of 414 to 5. Included in the House-passed version are two provisions that will assist Employee Stock Ownership Plans (ESOPs) or business owners seeking to establish them.
Senate Passes Spending Bill With Key Employee Ownership Provisions