ESOP Association Resources

Welcome to your September issue of the ESOP ReportThis month we've pack

During Confirmation Hearings, Aronowitz Pledged to “End the War on ESOPs” at DOL, EBSA

Legislation Will Provide Greater Regulatory Clarity for ESOPs, Curb Abuses at Dept.

Dear Leader Thune, Leader Schumer, Chairman Cassidy, Chairman Crapo, Ranking Member Sanders, and

Congressman Rick Allen (GA) Leading House Effort on Major ESOP Association Legislative Priori

Today the Office of Information and Regulatory Affairs (OIRA) within the Office of Management and Budget (OMB) released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, which includes the congressionally mandated rule for adequate consideration, as prescribed by the WORK Act.  The Department of Labor (DOL) will now conduct a formal rulemaking, which includes a public comment period. 

On July 31, the U.S. Senate Committee on Appropriations passed the Fiscal 2026 Labor, Health and Human Services, Education, and Related Agencies (LHHS) Appropriations Act in a strongly bipartisan vote of 26-3.

The Senate Committee on Health, Education, Labor & Pensions (HELP) today unanimously passed a package of legislation consisting of several priorities of The ESOP Association.

Baker Roofing Company, one of the nation's largest and most respected commercial roofing contractors, today announced it has become 100% employee-owned through the launch of an Employee Stock Ownership Plan (ESOP).

A plaintiff-side law firm recently filed seven class action lawsuits challenging the way in which ESOP fiduciaries invest employer contributions held in what is commonly called an ESOP’s other investment account (“OIA”).