The ESOP Association
ESOP Association Resources
Feb. 28
Welcome to your February issue of the ESOP ReportThis month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
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Feb. 27
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. The HELP Committee approved Chavez-DeRemer’s nomination in a bipartisan vote of 13-9, with Democratic Senators Maggie Hassan (NH), John Hickenlooper (CO), and Tim Kaine (VA) voting in favor and Republican Senator Rand Paul (KY) opposed. Her nomination will now advance to the full Senate where a vote could come as soon as next week.
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Feb. 12
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. If confirmed, Aronowitz would be the lead regulator for ESOPs at the Department of Labor, as EBSA is tasked with administration and enforcement under ERISA.
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Feb. 11
The ESOP Association, the only comprehensive national trade association representing businesses owned fully or partially by an Employee Stock Ownership Plan (ESOP), launched a targeted paid media campaign this week in support of Lori Chavez-DeRemer’s confirmation to be Secreatary of Labor. The campaign will be sustained through her confirmation vote.
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Oct. 29
A newsletter for the members of the PA/DE Chapter of the ESOP AssociationRead the Full Issue >>In this Issue:A Note From Our PresidentFUNd RaisingAdvocacy
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Oct. 25
The ESOP Association has been informed that a proposed rule from the U.S. Department of Labor regarding what is known as the “adequate consideration exemption” for ESOP transactions has been drafted and is being submitted to OMB imminently.OMB is the agency that “oversees the implementation of the President’s vision across the Executive Branch.” This is the first step taken before a regulation can be made public for a notice and comment period.
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Oct. 11
It’s that time of year. TEA’s Chapters across the country are now accepting nominations for annual awards! Each individual TEA chapter awards two major honors every year, the ESOP Company of the Year and the Employee Owner of the Year. All nominees will be recognized during chapter events, with the winners from each chapter automatically entered in TEA’s national awards competition. National finalists and winners will be announced during the annual awards show at TEA’s National Conference 2025, on May 6-9 in Washington, DC.
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Oct. 11
In August, ESOP CEOs and Presidents from across America convened for The ESOP Association’s third annual CEO Summit in Newport, Rhode Island. This year’s Summit was our largest to date, with more than 150 CEOs coming together to gain valuable new insights, grow their CEO peer networking group, and exchange best practices on the most challenging issues facing ESOPs.
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Oct. 11
In our ongoing commitment to empower the ESOP community, The ESOP Association has developed a comprehensive toolkit to assist employee owners with exercising their right to vote. This toolkit is designed to harness the democratic power of over 10 million individuals in ESOP companies, their employee owners, and professional service providers.
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