DOL Commits to Provide Long-Sought Regulatory Clarity with Stakeholder Input on the Valuation of Company Shares to be Bought by an ESOP
Washington, D.C., April 14, 2023 – In a major victory for Employee Stock Ownership Plans (ESOPs), the U.S. Department of Labor has committed to move forward with a public notice and comment rulemaking on a key regulation the community has sought since ESOPs were first created in 1974. The regulation will clearly define Adequate Consideration under Section 408(e) of the Employee Retirement Income Security Act of 1974 (ERISA).
The ESOP Association
ESOP Association Resources
Jun. 26
On June 22nd, the Small Business Administration (SBA) and Department of the Treasury released revisions to the interim final rule on forgiveness and the interim final rule on loan review procedures for PPP loans.
Jun. 24
Companies planning to re-open their doors have a new resource to help them: The Occupational Safety and Health Administration (OSHA) has released guidance employers should use when developing policies and procedures that ensure the safety and health of their employees.
Jun. 19
Wednesday, The Small Business Administration (SBA) released two important documents related to the Paycheck Protection Program (PPP):
Jun. 10
New guidance from The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) outlines the differences between cloth face coverings, surgical masks and respirators.
Jun. 04
PPP loan recipients gain new flexibility, while retaining loan forgiveness.