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119-s-1728119th CongressWALLET

Employee Ownership Representation Act of 2025

Sponsored By: Senator Cassidy, Bill [R-LA]

Passed Senate

Summary

Expands federal support for employee ownership by creating a dedicated Office of Employee Ownership and new advisory bodies to promote and strengthen employee stock ownership plans and worker cooperatives. It would add an Advocate for Employee Ownership and increase advisory representation within ERISA to better coordinate policy, outreach, and dispute assistance.

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  • Workers: Employees would gain a federal Advocate and an Office that provide public education, help resolve ESOP disputes, and solicit input on rules that affect employee ownership.
  • ESOP sponsors and providers: Companies with ESOPs, ESOP providers, and eligible worker‑owned cooperatives would get clearer representation through a new seven‑member advisory council and two designated seats for employee ownership organizations on the ERISA advisory body; the ERISA council would grow by two members.
  • Department of Labor and policy making: The Department would house a Director-led Office to run the Employee Ownership Initiative, recruit staff, and maintain an advisory council that meets at least four times a year and issues annual recommendations.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

More seats for employee ownership on pension and benefits council

ERISA’s advisory council would grow from 15 to 17 members. A subgroup would rise from 8 to 10, with two seats for employee-ownership organizations. The Secretary of Labor would name those two representatives within one year after enactment. This would give employee-ownership groups a formal voice on pension and benefits advice.

New Labor Department office for employee ownership

Within 90 days after enactment, the Labor Department would create an Office of Employee Ownership. The Secretary would appoint a Director, who could hire staff and run the Employee Ownership Initiative. A seven-member Advisory Council would advise the Secretary: four worker reps, and three from ESOP companies, providers, and associations. Members would serve two-year terms, meet at least four times a year, and issue annual reports. Members would get the daily equivalent of Executive Schedule level IV pay for service days, plus travel costs.

Sponsors & CoSponsors

Sponsor

Cassidy, Bill [R-LA]

LA • R

Cosponsors

  • Sen. Hassan, Margaret Wood [D-NH]

    NH • D

    Sponsored 7/29/2025

  • Sen. Hickenlooper, John W. [D-CO]

    CO • D

    Sponsored 7/29/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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