President Trump Signs Legislation Including $2 Million for Employee Ownership Initiative created by the WORK Act
Funding for Grant Program a Longstanding Priority of The ESOP Association
The ESOP Association
EBSA
EBSA Ends ESOP National Enforcement Project, Signaling a Brighter Path Forward for Employee Ownership
On January 15, 2026, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) officially ended the National Enforcement Project against ESOPs, an initiative that began in 2005.
January 2026 ESOP Report
Welcome to your January issue of the ESOP Report
This month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
The ESOP Association Lauds DOL for Taking Vital Step to “End the War on ESOPs”
Today the DOL’s Employee Benefits Security Administration (EBSA) ended the ESOP National Enforcement Project, a 20-year effort by the Department that began in 2005. The National Enforcement Project against ESOPs promoted a targeted enforcement approach by EBSA that led to increased enforcement resources and scrutiny.
Daniel Aronowitz Confirmed as Assistant Secretary of Labor for EBSA
During Confirmation Hearings, Aronowitz Pledged to “End the War on ESOPs” at DOL, EBSA
Key ESOP Association Priorities Passed by House Education & Workforce Committee
Legislation Will Provide Greater Regulatory Clarity for ESOPs, Curb Abuses at Dept. of Labor
Letter Supporting Nominations of Janet Dhillon to be Director of the Pension Benefit Guaranty Corporation and Dan Aronowitz to be the Assistant Secretary at EBSA at the DOL
Dear Leader Thune, Leader Schumer, Chairman Cassidy, Chairman Crapo, Ranking Member Sanders, and Ranking Member Wyden:
The ESOP Association Announces Paid Media Campaign Urging U.S. Senate to Confirm Daniel Aronowitz as Asst. Secretary of Labor for EBSA
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).
Senate Committee Approves Daniel Aronowitz’s Nomination for Assistant Secretary of Labor
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.
Daniel Aronowitz: I Will End the War on ESOPs
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.