The Consolidated Appropriations Act of 2023 (P.L. 117-328) includes the Worker Opportunity, Readiness and Knowledge (WORK) Act, sponsored by Senators Bernie Sanders (I-VT) and Jerry Moran (R-KS), which creates the Employee Ownership Initiative at the DOL to promote employee ownership and directs the DOL to provide formal guidance on the vital issue of properly valuing shares of company stock to be bought by an ESOP– a key rule long missing from the ESOP regulatory landscape. The law included new provisions allowing S corporation ESOPs limited use of section 1042 tax deferral.
The ESOP Association
ESOP Association Resources
Dec. 21
Happy Holidays from Your Friends at The ESOP Association!
The ESOP Report will return in early January 2023 with all the news, content, and announcements you expect from The ESOP Association.
The ESOP Report will return in early January 2023 with all the news, content, and announcements you expect from The ESOP Association.
Dec. 20
Congressional negotiators early this morning released the Consolidated Appropriations Act of 2023 which includes numerous top priority provisions sought by The ESOP Association on behalf of its membership.
Dec. 14
The ESOP Association released the following statement on the unexpected passing of Will Raap, a visionary leader in employee ownership, organic gardening, and locally sourced and sustainable food.
Dec. 07
The ESOP Association has been working with Congress during this congressional session on bipartisan retirement security legislation. That important legislation – which includes provisions that affect every ESOP and employee ownership in general – is being considered in the final days of the current Congress. If this bill, which was painstakingly negotiated and enjoys broad bipartisan support, doesn’t pass now, the entire legislative process must start over next year.
Employee Owned
Dec. 02
Thank you to the more than 2,000 employee owners and ESOP professionals who attended Employee Owned 2022 at Caesars Palace in Las Vegas!
Sep. 28
Congratulations to Hisco, which submitted the winning entry in this year’s Employee Ownership Month competition! A free copy of the poster will be mailed to all corporate members of The ESOP Association. Additional copies may be purchased in the ESOP Store.
Sep. 22
The ESOP Association is announcing its planned schedule of events and activities that will carry the employee ownership community through the end of this year and into 2021.
Sep. 18
Read about the exciting, expanded capabilities available for the ESOP community in the new home for TEA and the EOF; learn about a new virtual event, ESOP 2020; plan for Employee Ownership Month with our free tools, and prepare for all things ESOP by looking at our calendar of events and activities from now through summer of 2021.
Sep. 16
State of the art facility will dramatically expand advocacy, education, and conferencing capacity in service of employee ownership mission.