ESOP Association Resources

The ESOP Association, the only comprehensive national trade association representing businesses with an Employee Stock Ownership Plan (ESOP), today announced a paid media campaign urging the U.S. Senate to promptly confirm Daniel Aronowitz as Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA).

James Bonham, President and CEO of The ESOP Association, has been invited by U.S. Rep. Tim Walberg, Chair of the House Education & Workforce Committee, to provide testimony at a subcommittee hearing titled “Restoring Trust: Enhancing Transparency and Oversight at EBSA.”

The U.S. Senate Committee on Health, Education, Labor & Pensions (HELP) today voted to advance Daniel Aronowitz, nominee for Assistant Secretary of Labor for the Employee Benefits Security Administration (EBSA), to the full Senate.

As incoming leaders during a transformative time for The ESOP Association, new Board Chair Derrick Vick and Employee Ownership Foundation Chair Peter Ney took center stage at the 2025 National Conference during a candid and insightful conversation with Jim Bonham. Attendees got a closer look at their backgrounds in employee ownership and a glimpse into their vision for the next two years, as they are poised to drive meaningful change across both the Association and the Foundation.

During his confirmation hearing today, Daniel Aronowitz, President Trump’s nominee to lead the Employee Benefits Security Administration (EBSA) as Assistant Secretary of Labor, signaled a sea change in how the Department of Labor (DOL) views ESOPs under this Administration.

On March 11, Lori Chavez-DeRemer was officially sworn in as Secretary of Labor.

Less than three weeks after being sworn into office, U.S.

Since Donald Trump was inaugurated for his second term as President on January 20, our federal go

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.

Washington, DC is a town with a lot of sayings borne from the hard-earned political wisdom one acquires working here. Recently, with the release and withdrawal of the Biden Administration’s ideas of what constitutes Adequate Consideration for ESOPs, two of those sayings come to the top of my mind.