On behalf of the more than 10.6 million American employee-owners with an ownership interest in an Employee Stock Ownership Plan (ESOP) company, The ESOP Association applauds Representative Young Kim of California, along with Reps. Jason Crow of Colorado, Dean Phillips of Minnesota, and Elise Stefanik of New York, for introducing a bipartisan “Golden-preneurship Act” in the House.
The ESOP Association
ESOP Association Resources
Apr. 05
Includes Employee Ownership and Business Succession Provisions
Apr. 01
Includes Employee Ownership and Participation Initiative at US Department of Labor
Sep. 29
The ESOP Association's Immediate Past Chair, and Chairman of Eagle Broadband, Gary Shorman, will testify at the House Committee on Small Business Hearing on "Empowering Employee Owned Businesses and Cooperatives Through Access to Capital." He will represent the interests of ESOPs and The ESOP Association at the hearing.
From the committee website:
From the committee website:
Sep. 09
Today, President Biden announced strict new mandates from the federal government requiring more than 100 million Americans to be vaccinated or tested weekly for COVID-19. These requirements will impact ESOP companies with more than 100 employees, health care ESOP companies including but not limited to hospitals, dialysis facilities, ambulatory surgical settings, and home health agencies, and ESOPs with government contracts.
Employers with more than 100 Employees
Employers with more than 100 Employees
Mar. 22
Marty Walsh, the two-term mayor of Boston, was confirmed as the Labor secretary by the Senate in a 68-29 vote on Monday, March 22, 2021.
Please see the ESOP Association's Official Statement for more on this news.
Please see the ESOP Association's Official Statement for more on this news.
Mar. 09
Julie Su, current head of California’s Labor and Workforce Development Agency has been tapped by the Biden administration to be Deputy Labor Secretary under Labor Secretary Nominee Marty Walsh.
Mar. 09
$1.9 trillion relief bill includes $1,400 checks, billions for vaccines, and money to reopen schools. Restaurant, airplane manufacturing, concert venue industries set to benefit most.
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.