ESOP Advocacy Issues
For decades Employee Stock Ownership Plans have received unprecedented bipartisan and bicameral support in Congress. This is only possible because of the tireless work of our passionate community. However, there are some fundamental issues that our community must rally around if we want to continue to grow and thrive in the years to come.
Latest Advocacy News
Pro-ESOP Retirement Legislation In Final Stages
Pro-ESOP Retirement Legislation In Final Stages
The ESOP Association has been working with Congress during this congressional session on bipartis
The ESOP Association Petitions U.S. Department of Labor to Undertake Congressionally Mandated Rulemaking
The ESOP Association Petitions U.S. Department of Labor to Undertake Congressionally Mandated Rulemaking
Washington, D.C. – The ESOP Association (TEA) today exercised its rights under the Administrative Procedure Act to petition the U.S. Department of Labor (DOL) to undertake a long-delayed rulemaking essential to the formation and ongoing operation of ESOPs. Since 1974, the Department of Labor has steadfastly refused to fulfill requirements of the Employee Retirement Income Security Act (ERISA) in violation of Congressional direction and stakeholders’ rights under the Administrative Procedure Act (APA).
House Appropriations Committee Considering Bill to Direct SBA to Act in Support of Employee Ownership
House Appropriations Committee Considering Bill to Direct SBA to Act in Support of Employee Ownership
Employee ownership is continuing to see support in Congress, coming off two huge wins in the U.S.
Senate Finance Committee Passes Retirement Security Legislation
Senate Finance Committee Passes Retirement Security Legislation
Senate Finance Committee passes the Enhancing American Retirement Now (EARN) Act, which includes a provision partially expanding section 1042 tax deferral to ESOPs that are S-corporations. The EARN Act section 1042 provision matches a similar provision in the Securing a Strong Retirement Act (H.R 2954) which passed the House of Representatives in March. The bill passed the Senate Finance Committee with unanimous support.
