# 119-s-2474: Advocate for Employee Ownership Act

119-s-2474, Advocate for Employee Ownership Act, is a 119th Congress bill sponsored by Sen. Hassan, Margaret Wood [D-NH] (D-NH); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-2474
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2474
- Congress: 119
- Title: Advocate for Employee Ownership Act
- Status: introduced
- Introduced: 2025-07-28
- Sponsor: Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Cosponsors: 1
- Policy area: Labor and Employment
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**This bill would create an Advocate for Employee Ownership to promote and support expanded worker ownership, especially employee stock ownership plans (ESOPs).** The Advocate would sit inside the Department of Labor's Employee Ownership Initiative and focus on outreach, dispute help, and policy recommendations. - Workers: Would get public education, assistance with understanding employee ownership, and help resolving disputes with ESOP sponsors or fiduciaries. - Employers and ESOP sponsors: Would gain a designated federal liaison that would identify barriers, recommend changes, and push for improved access to capital and succession planning options. - Federal agencies and operations: The Advocate would coordinate outreach with agencies like the Small Business Administration and Treasury, be appointed by the Secretary of Labor without competitive service or Senior Executive Service rules, and be paid at Executive Schedule level V. The Advocate must file a public annual report by December 31 each year describing activities, requests for help, identified problems, and recommended actions.

## Cosponsors (1)

- Sen. Daines, Steve [R-MT] (R-MT), 2025-07-28T00:00:00.000Z

## Provisions PRIA read

- New federal advocate for employee ownership: benefit, low. If enacted, the bill would create an Advocate for Employee Ownership inside the Department of Labor's Employee Ownership Initiative. The Secretary of Labor would appoint the Advocate without following normal federal hiring rules. The Advocate's pay would match Executive Schedule level V and Congres…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-697: Air Traffic Control Workforce Development Act of 2025
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025
- 119-s-1782: Charlotte Woodward Organ Transplant Discrimination Prevention Act
- 119-s-1639: American Innovation and Jobs Act

## Sources
- [119-s-2474 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2474)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-697: Air Traffic Control Workforce Development Act of 2025](https://policyrisk.com/legislation/119-s-697)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025](https://policyrisk.com/legislation/119-s-2461)
- [119-s-1782: Charlotte Woodward Organ Transplant Discrimination Prevention Act](https://policyrisk.com/legislation/119-s-1782)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2474 (as of 2025-12-21).