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.
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.
the power of esops
Employee Owners in the United States(that's more than the entire auto industry)
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.
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.