House Resolution Supporting Employee Ownership Through ESOPs Introduced
The ESOP Association Applauds Introduction of Resolution Supporting Employee Ownership through ESOPs by Congressmen Maurice Hinchey and Dana Rohrabacher
Congressmen Maurice Hinchey (D-NY) and Dana Rohrabacher (R-CA) introduced on April 24, 2008 House Concurrent Resolution 333, which expresses continued support for employee stock ownership plans (ESOPs) in the U.S.
J. Michael Keeling, President of The ESOP Association, had this to say about the Resolution: “I welcome the bi-partisan efforts of Congressman Maurice Hinchey (D-NY) and Congressman Dana Rohrabacher (R-CA). The leadership of these House senior members to reiterate the thirty plus years of support for employee ownership through ESOPs is important. Clearly change is in the wind but a commitment by Congress to a fair and more equitable form of ownership is as important in the 21st century as in the 20th. On behalf of the 2,500 plus members of The ESOP Association, I urge all members of Congress to co-sponsor this resolution. Research has consistently shown that employee owned companies are high performing, have better sales, and provide more retirement savings compared to their non-ESOP counterparts.”
To view a copy of House Concurrent Resolution 333, please visit the Library of Congress THOMAS page, http://thomas.loc.gov/. On this page, type H. Con. Res. 333 in the search bill text box, check the bill number box, and hit search.
If you have questions about how to contact your member of Congress about co-sponsoring this Resolution, please visit, http://www.esopassociation.org/, and download a copy of the Advocacy Kit, http://www.esopassociation.org/pdfs/Spring_08_Advocacy_Kit.pdf, and a copy of the Congressional Company Visit Kit, http://www.esopassociation.org/pdfs/Congressional_Visit_Kit_Spring08.pdf, for more information. If you have any questions about the Resolution, please send an email to govrel@esopassociation.org.
Comments
1. Bob+Smiley said...
This should have dozens and dozens of people speaking up saying what a wonderful job the association is doing. But, am I the first to comment?
I have an appointment with my own district Congressman, who is on Ways and Means, to persuade him to cosponsor this great resolution.
May I urge each of you to do that also, with your own. The is support and safety only in numbers. Every one of our Congressional districts is covered by someone in our Association....it's only a matter of picking up the phone and calling and making the appointment...
Who said:
"Just do it?" Appropriate here
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2. Karin M McGrath said...
Carris Reels has 6 different states we reside in. We sent a letter of support signed by each Site Manager on behalf of their employees in support of ESOP's and the H. Con. Res. 333 and sent them to members of the Way and Means. We also intend on sending letters to each of our house and senate representatives thanking and encouraging them to support ESOP's.
We are sending a letter to our representative senate and congress starting with "Time to time, infrequently you read unfavorable news articles about ESOPs. Carris Reels would like you to think of our ESOP when you see these articles. I am writing to ask for your support of employee ownership and ESOP companies. I respectfully ask that you take the time to read this letter about what our ESOP means to us."
Thanks Bob and "just do it"
6/26/2008