ESOP Association Advocacy
The ESOP Association works to empower passionate employee owners to become key participants in the political process. The Employee Ownership Action Network (EOAN), the ESOP Ambassador Program, the Advocacy Academy, and the ESOP Political Action Committee (ESOP PAC), allow our community the opportunity to maximize our political strength and leverage the weight of our collective voice through mobilization and articulation of strong, clear, messages to policy makers.
TEA's advocacy priorities are guided by our members. If you have a federal policy or regulatory concern that relate to ESOPs we encourage you to submit them here for the Public Policy Council to review.
TEA’s Proposal for a U.S. Department of Labor Regulation Regarding the Definition of Adequate Consideration
The ESOP Association today released a model framework for the U.S. Department of Labor’s (DOL) current rulemaking regarding what is known as the “adequate consideration exemption” for ESOP transactions. The exemption enables the proper formation and operation of Employee Stock Ownership Plans and their ownership of employer securities on behalf of the employees of the sponsoring firm. It remains an undefined, but bedrock requirement without which ESOPs cannot exist. Yet the primary regulator, the U.S. Department of Labor, has failed to promulgate a regulation properly describing adequate consideration in the nearly 50 years since ERISA was signed into law.
TEA Policy Papers
Esop association advocacy programs
Employee Ownership Action Network (EOAN)
EOAN is a free-to-join, grassroots advocacy network for everyone with a stake in employee ownership. It takes just seconds to join and your support will mean years of advocacy victories and continued growth for ESOPs.
ESOP Ambassadors
As a member of the ESOP community, your voice is the strongest tool we have to affect change. ESOP Ambassadors are the vocal leaders within the ESOP community committed to building meaningful relationships with Members of Congress.
The Advocacy Academy
The Advocacy Academy is TEA's premier advocacy training program. Our goal is to build your foundational knowledge and provide you with the tools you need to succeed. Join us for our inaugural event at the National Conference.
Washington Alerts
Senate Appropriations Committee includes Several Provisions Supporting ESOPs and Employee Ownership Growth in FY25 Financial Services and General Government Funding Package
Senate Appropriations Committee includes Several Provisions Supporting ESOPs and Employee Ownership Growth in FY25 Financial Services and General Government Funding Package
The Senate Committee on Appropriations has passed several provisions that support employee owners
Senate Appropriations Committee Includes Funding for Employee Ownership Initiative Grant Program in FY25 Labor, Health and Human Services, Education, and Related Agencies Funding Package
Senate Appropriations Committee Includes Funding for Employee Ownership Initiative Grant Program in FY25 Labor, Health and Human Services, Education, and Related Agencies Funding Package
The Senate Committee on Appropriations has directed $2 million to fund the grant program of the D
House Appropriations Committee Includes Strong Pro-ESOP Language in FY25 Labor, Health and Human Services, Education, and Related Agencies Funding Package
House Appropriations Committee Includes Strong Pro-ESOP Language in FY25 Labor, Health and Human Services, Education, and Related Agencies Funding Package
The House Committee on Appropriations recently released its report on proposed fiscal year 2025 f
IRS Issues a Warning Shot to ESOP Advisors, Founders
IRS Issues a Warning Shot to ESOP Advisors, Founders
Notice to Taxpayers is Heavy on Innuendo, Light on Specifics
Congress Takes First Formal Steps on FY2024 Spending; Senate Appropriators Specifically Direct Employee Ownership Provisions Mandated by WORK Act
Congress Takes First Formal Steps on FY2024 Spending; Senate Appropriators Specifically Direct Employee Ownership Provisions Mandated by WORK Act
On a very strong 24-2 bipartisan vote, the Senate Appropriations Committee has passed the Labor,
GET INVOLVED
You, a member of the ESOP community, are the strongest and most reliable advocate for employee ownership. Your members of Congress need to hear from you and more importantly they need to know you exist.
The goal here is simply to identify yourself as a constituent and a supporter of employee ownership who can be a resource for questions about legislation impacting employee-owned companies, like yours.
the power of esops
Employee Owners in the United States
(that's more than the entire auto industry)ESOP Companies
Top Industries
for ESOP Companies are:
MAKE A DIFFERENCE
Elections matter and have a lasting impact. That’s why it is crucial for TEA members to be engaged in the political process every step of the way.
ESOP PAC is the voluntary, non-partisan Political Action Committee (PAC) of the ESOP Association. ESOP PAC is the oldest political entity specifically charged with supporting pro-employee ownership elected officials.
TEA COUNCILS
In order to best serve the needs of our growing community, TEA has formed two prestigious new Councils. The Public Policy Council is comprised of members who are our most active and knowledgeable ESOP Advocates. These community leaders are given the opportunity to work with TEA's top leadership and our advocacy team to assist in formulating the public policy positions of The Association and our nationwide legislative and regulatory priorities.
For ESOP companies that wish to engage in partnership with TEA on a higher level, TEA has created the Corporate Council. Council members have the opportunity to meet regularly with TEA staff and participate in exclusive strategy and information sharing discussions.