ESOP Association Resources

Daniel Aronowitz, Assistant Secretary of Labor and the head of the Employee Benefits Security Adm

Washington, DC – The U.S.

The House Education and Workforce Committee today held a markup to debate and pass the ERISA Litigation Reform Act (HR 6084), a bill that would protect employee retirement savings from predatory lawsuits targeting ERISA-regulated plans, including ESOPs.

The U.S. Department of Labor (DOL) recently released its Employee Ownership Initiative Report to Congress. The bipartisan Worker Ownership, Readiness, and Knowledge (WORK) Act, enacted as part of the SECURE 2.0 Act in 2022, directed the DOL to report on its activities to promote employee ownership.

Dear Leader Thune, Leader Schumer, Chairman Cassidy, Chairman Crapo, Ranking Member Sanders, and

On July 31, the U.S. Senate Committee on Appropriations passed the Fiscal 2026 Labor, Health and Human Services, Education, and Related Agencies (LHHS) Appropriations Act in a strongly bipartisan vote of 26-3.

The ESOP Association has been informed that the chief of DOL’s Division of Employee Ownership, Hilary Abell, has been reinstated, effective Monday, March 10. TEA is grateful to the Trump Administration for this rapid decision.

The U.S. Senate Committee on Health, Education, Labor & Pensions (HELP) today voted to advance Lori Chavez-DeRemer’s nomination for Secretary of Labor to the full Senate.

President Donald Trump today nominated Daniel Aronowitz, President of Encore Fiduciary and a leading expert with thirty years of experience on fiduciary issues, to be Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA) at the U.S. Department of Labor.

In one of the first actions of the Trump presidency, the White House has announced a pause on all proposed regulations from the Biden Administration that have yet to be finalized. The moratorium effectively freezes pending Executive Branch agency regulations.