Wednesday, October 22, 2008

Government Relations Activities

Yes, we know you know, but are you DOING?
 
It’s an election year, and we realize you might well be sick and tired of us talking about this, but we are going to say it one more time – get out there and talk to your members of Congress!
 
We need an army of employee owners to interact continuously with elected officials to prove that pro-active positions for employee ownership and ESOP laws will improve America’s economy in a way that is fair to all wage earners.
 
Many leaders are cynical when it comes to employee ownership through ESOPs. We need to show them what it really means to be employee owned and what they can do for a company. 
 
What are the hot topic issues?
  • Section 3701 of H.R. 3790 – Section 3701 will cutback benefits of deferred compensation in S ESOP companies.
  • House Concurrent Resolution 333 – This short resolution makes it clear that, based on 33 years of experience with ESOPs the vast majority of ESOP companies are high performing companies and the Congress therefore expresses continued support for employee stock ownership plans.
  • S. 1322 - Improving ESOP Law and Promoting ESOP Creation, introduced by Senator Blanche Lincoln (D-AR).
 
Where do you find information? Visit The ESOP Association’s website and download a copy of the Advocacy Kit - http://www.esopassociation.org/pdfs/Summer_08_Advocacy_Kit.pdf
 
Want to invite your member of Congress to visit your company click here and download a copy of the Congressional Company Visit Kit - http://www.esopassociation.org/pdfs/Congressional_Visit_Kit_Summer_08.pdf.

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