In this month’s jam packed issue: TEA talks Employee Ownership Month, the recent petition filed with the Department of Labor, and several events and updates for the Employee Ownership Foundation, including ESOPATHON! Also don’t miss the EOM poster contest winner, an AACE Awards update, and Edmunson Scholarship recipients.
The ESOP Association
ESOP Association Resources
Sep. 22
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).
Sep. 22
The ESOP Association (TEA), the national trade association representing companies with Employee Stock Ownership Plans (ESOPs) and ESOP professionals, today exercised 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.
Feb. 26
This is going to be crucial year for TEA and for ESOPs. In the February issue of the ESOP Report, you'll read about the importance of having a strong, unified voice in Washington (especially now), the latest update on the National Conference, information on new resources for ESOP committee members, and so much more!
Feb. 17
Todd Bransky, or “Mr. ESOP,” as he is known to his fellow employee owners, is a Systems Integration Specialist for Folience, which is based in Cedar Rapids, Iowa. He is a passionate advocate for employee ownership and an IT expert with more than 22 years of experience.
Feb. 05
New COVID-19 guidelines from the DOL's OSHA are now available online.
Feb. 02
At NCM Associates, strong relationships—with employee owners and with customers—are an essential part of the business.
Jul. 28
After several days of debate, Senate Republicans have offered their version of the “Phase Four” economic stimulus and COVID recovery bill. Of particular note to those in the ESOP community, this package of bills does not yet include S. 4236—the bill introduced by Sen. Ron Johnson (R-WI) that would offer grants to companies that create or expand an ESOP.
The package is a first draft and will likely change significantly as both parties work to hammer out an agreement. As currently written, this group of bills would offer the following items.
The package is a first draft and will likely change significantly as both parties work to hammer out an agreement. As currently written, this group of bills would offer the following items.
Jul. 27
S. 4236
Economic Recovery and Investment Through Employee Ownership Program
On July 21, 2020, Senator Ron Johnson (R-WI) introduced S. 4236, a bill to establish a federal grant program to encourage economic recovery through business investment and the creation and expansion of employee stock ownership plans (ESOPs). The bi-partisan bill has been co-sponsored by Senator Tammy Baldwin (D-WI) and was referred to the Senate Committee on Finance.
Economic Recovery and Investment Through Employee Ownership Program
On July 21, 2020, Senator Ron Johnson (R-WI) introduced S. 4236, a bill to establish a federal grant program to encourage economic recovery through business investment and the creation and expansion of employee stock ownership plans (ESOPs). The bi-partisan bill has been co-sponsored by Senator Tammy Baldwin (D-WI) and was referred to the Senate Committee on Finance.