Illinois Fall Newsletter 2021

“This is the most important ESOP law enacted in decades, and The ESOP Association was proud to lead the advocacy effort to get it across the finish line, working closely with leaders of both parties,” said James Bonham, President and CEO of The ESOP Association. “The Retire Through Ownership Act strengthens confidence in the valuation process for millions of employee owners and gives business owners a clearer path to an ESOP transition. Combined with the Trump administration’s pro-ESOP direction at the Department of Labor, it creates a historic opportunity to expand employee ownership in America.”