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House HELP Subcommittee Democrats Say They Will Be Moving to Encourage ESOPs

Employee Ownership Trusts Gain Momentum in the UK

New Jersey Governor Again Proposes Fund to Help Conversions to Employee Ownership

On July 10, the Department of Labor (DOL) announced it is creating the Employee Ownership Initiative within its Employee Benefits Security Administration.

State Small Business Credit Initiative Program Now Allows Funding for Employee Ownership

New York Comptroller General Report Encourages State Outreach for Employee Ownership

IRS Further Clarifies Position on Potentially Abusive ESOP Structures

Biden DOL, SBA, and Commerce Nominees Have Favored Employee Ownership

Pennsylvania Moves on Employee Ownership Legislation

2024 is shaping up to be potentially a very important year for employee ownership legislation at the federal and state level. Congress will need to decide whether to fund the WORK Act, momentum is building for the Employee Equity Investment Act, and state laws in Tennessee and Washington require funding. Other important legislative initiatives are being developed, but the ones described here have the best immediate prospects.