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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:
Retire Through Ownership Act Introduced in U.S. House of Representatives
Congressman Rick Allen (GA) Leading House Effort on Major ESOP Association Legislative Priority to Provide Regulatory Certainty for ESOPs
Newly Released Regulatory Agenda Officially Includes Top Association Priority
Today the Office of Information and Regulatory Affairs (OIRA) within the Office of Management and Budget (OMB) released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, which includes the congressionally mandated rule for adequate consideration, as prescribed by the WORK Act. The Department of Labor (DOL) will now conduct a formal rulemaking, which includes a public comment period.
Senate Appropriations Committee Includes Funding for Employee Ownership Initiative in FY26 Labor, Health and Human Services, Education, and Related Agencies Funding Package
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.
Senate HELP Committee Unanimously Passes ESOP Association Legislative Priorities
The Senate Committee on Health, Education, Labor & Pensions (HELP) today unanimously passed a package of legislation consisting of several priorities of The ESOP Association.
Baker Roofing Company Marks 110 Years With Transition to 100% Employee Ownership
Baker Roofing Company, one of the nation's largest and most respected commercial roofing contractors, today announced it has become 100% employee-owned through the launch of an Employee Stock Ownership Plan (ESOP).
Playing With House Money: New Lawsuits Fault Fiduciaries for Failing to Gamble With Employer Contributions
A plaintiff-side law firm recently filed seven class action lawsuits challenging the way in which ESOP fiduciaries invest employer contributions held in what is commonly called an ESOP’s other investment account (“OIA”).
TEA’s Summer Interns Share Their Experiences Visiting Mid South Building Supply
In July, The ESOP Association’s summer interns got to experience a day in the life of an ESOP with a trip to Mid South Building Supply in Springfield, Virginia.
The ESOP Association Gears Up for Employee Ownership Month with Virtual Miniseries
As Employee Ownership Month approaches in October, The ESOP Association is setting the stage for an impactful Employee Ownership Month (EOM) celebration with the return of its popular Virtual Miniseries.