The ESOP Association

ESOP Association Resources

Mar. 10
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. She will formally be sworn into office on Tuesday March 11 during a ceremony at the White House.
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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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Jan. 16
Notice of Proposed Rulemaking Set to be Published in Federal Register on January 22; When Published, Provides 75 Days for Public Comment and Stakeholder Input
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Dec. 20
“A truly outstanding record of support for our businesses.” Washington, D.C. – The ESOP Association, the leading organization representing businesses with an Employee Stock Ownership Plan (ESOP) and the 14 million Americans with an interest in an ESOP, is today announcing a major six-figure campaign in support of Rep. Lori Chavez-DeRemer, President-elect Donald Trump’s nominee for Secretary of Labor.
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Sep. 19
Mutual membership benefits will be extended across bordersNew Canadian Employee Ownership Trusts to be featured in full program track at Employee Owned 2024 in Las Vegas this November
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Sep. 02
Washington, D.C. – “Today, with great pleasure, I am signing into law a landmark measure that may finally give the American worker solid protection in his pension plan.”  With these words on September 2, 1974, President Gerald R. Ford signed the Employee Retirement Income Security Act (ERISA) into law.
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Jul. 25
Senior Biden Administration Officials, Key Stakeholders Meet to Discuss Growing Worker-Owned Businesses and Promoting Worker Ownership Transitions

Washington, D.C. – Jim Bonham, President and CEO of The ESOP Association, today was a featured speaker and panelist at a convening on worker-owned businesses hosted by the White House National Economic Council.
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Jul. 11
Urges Court to Consider Bowers + Kubota’s Appeal to Award Attorneys’ Fees After Company Was Vindicated in Overzealous, “Shoddy” Prosecution by Dept. of Labor

Washington, DC – The ESOP Association has filed an amicus brief with the Supreme Court of the United States, asking the Court to grant a writ of certiorari and consider Bowers + Kubota Consulting, Inc., et al. v. Julie A. Su, Acting Secretary of Labor.
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Feb. 22
Framework Provided to Dept. of Labor, Congress, and White House as a Model for Fair, Transparent Regulation to Grow ESOPs While Safeguarding Employee Interests

Model Regulation is Work Product of Effort by Leading ESOP Experts and Vetted by Key Stakeholders Across Valuation, Legal, Finance, and Trustee Disciplines
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May. 16
Employee Equity Investment Act Would Expand Employee Ownership by Increasing Critical Access to Capital for ESOPs

Washington, D.C. – The ESOP Association today praised the introduction of the bipartisan Employee Equity Investment Act (EEIA) in the House and Senate.

The legislation aims to grow employee ownership in the U.S. by helping to dramatically improve the way new ESOPs are financed by providing much-needed access to capital, which has long been an impediment to new ESOP formation.
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