ESOP Association Resources

On July 31, the U.S. Senate Committee on Appropriations passed the Fiscal 2026 Labor, Health and Human Services, Education, and Related Agencies (LHHS) Appropriations Act in a strongly bipartisan vote of 26-3.

The Senate Committee on Health, Education, Labor & Pensions (HELP) today unanimously passed a package of legislation consisting of several priorities of The ESOP Association.

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.

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.

The ESOP Association today announced the hiring of Erica Beck Spencer to lead the Association’s efforts to transform ESOP education and adult learning. In addition, The ESOP Association is announcing the development of new certification programs across several core ESOP disciplines that will become integrated into future National and Chapter events beginning in January 2026.

The U.S. Senate today confirmed Lori Chavez-DeRemer to be Secretary of Labor in a bipartisan vote of 67-32. Democratic Senators Bennet (CO), Cortez Masto (NV), Gallego (AZ), Hassan (NH), Hickenlooper (CO), Kaine (VA), Kelly (AZ), Klobuchar (MN), Ossoff (GA), Peters (MI), Rosen (NV), Schiff (CA), Shaheen (NH), Slotkin (MI), Warner (VA), Warnock (GA), and Whitehouse (RI) voted to confirm Chavez-DeRemer.

The ESOP Association has been informed that the chief of DOL’s Division of Employee Ownership, Hilary Abell, has been reinstated, effective Monday, March 10. TEA is grateful to the Trump Administration for this rapid decision.

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.