House Concurrent Resolution Expressing Continued Support for ESOPs Introduced

Congressman Maurice Hinchey (D-NY) and six Republican cosponsors have introduced House Concurrent Resolution 204, expressing continued support for employee stock ownership plans (ESOPs). The resolution cites the strong performance history of ESOPs as reason for Congress to continue its support for the plans. The cosponsors are Congressman Eric Cantor (R-VA), Congressman Howard Coble (R-NC), Congressman Walter B. Jones, Jr. (R-NC), Congressman Dana Rohrabacher (R-CA), Congressman Edward R. Royce (R-CA), Congressman Mark E. Souder (R-IN).

Concurrent resolutions have no force of law but can be useful tools in showing support for a concept. The text of the resolution can be found at http://thomas.loc.gov/ (search for H. Con. Res. 204).