FOR IMMEDIATE RELEASE
August 12, 2022
The ESOP Association Statement on Final Passage of Inflation Reduction Act
Today, the U.S. House of Representatives passed the Inflation Reduction Act (HR 5376). It will now advance to President Biden and is expected to be signed into law in the next ten days.
The ESOP Association
ESOP Association Resources
Aug. 08
FOR IMMEDIATE RELEASE
August 8, 2022
The ESOP Association Hails Senate Passage of Critical Provisions in Reconciliation Bill
The Senate-passed reconciliation bill in Congress, titled the Inflation Reduction Act (H.R. 5376), includes language promoted by The ESOP Association to protect employee stock ownership plans from new excise taxes on stock repurchases. This provision potentially paves the way for a tremendous financial incentive to form employee stock ownership plans.
August 8, 2022
The ESOP Association Hails Senate Passage of Critical Provisions in Reconciliation Bill
The Senate-passed reconciliation bill in Congress, titled the Inflation Reduction Act (H.R. 5376), includes language promoted by The ESOP Association to protect employee stock ownership plans from new excise taxes on stock repurchases. This provision potentially paves the way for a tremendous financial incentive to form employee stock ownership plans.
Mar. 30
ESOP companies can apply for greatly expanded federal financial assistance that may qualify for partial or full debt forgiveness. Read More
Mar. 26
See how the latest bill for COVID-19 relief, just passed by the Senate, can help ESOP companies grapple with the economic downturn.
Mar. 25
The ESOP Association today sent a letter to the Secretary of Labor asking for emergency plan flexibility, regulatory guidance, and investigatory relief for active or new routine EBSA investigations.
ESOP Association President & CEO Jim Bonham specifically requested that DOL:
ESOP Association President & CEO Jim Bonham specifically requested that DOL:
Mar. 23
In votes held last night and today, the Senate was unable to move forward on a proposed multi-trillion dollar “Phase 3” piece of legislation that would provide a massive infusion of cash and loan relief for private sector businesses. The legislation is currently stalled over disagreements between Republicans and Democrats over the nature of corporate relief and its uses.
Mar. 19
These slide decks show the nation's response to COVID-19 in a quick, easy to read format.
Mar. 18
As Congress considers various aid packages for businesses negatively affected by the coronavirus pandemic, The ESOP Association is working to ensure the needs of the ESOP community are part of the discussion.
Mar. 17
H.R. 6201 would expand the Family and Medical Leave Act (FMLA), creating a new form of mostly paid job-protected leave for affected employees. It also would create a new form of immediately available, short-term paid sick leave. These provisions would take effect within 15 days of enactment by the President.
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Mar. 16
In response to the rapidly spreading COVID-19 virus, the city of Washington, D.C., has banned gatherings in the nation’s capital of more than 250 participants. Accordingly, we are cancelling our National Conference, scheduled to take place May 20-22. While we are disappointed we will be unable to gather with the ESOP community in May, we fully appreciate and support government efforts to slow the spread of the virus and prevent our nation’s health care system from being overwhelmed.