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Leaders of the Chinese State Commission on Economic Restructuring recently completed a three-week tour of the U.S., including meetings with U.S. employee ownership experts.

According to a new report prepared by PROXY Governance, Inc., for the Investor Responsibility Research Center Institute, "Higher relative [CEO] pay clearly has not gone hand-in-hand with superior shareholder returns.

Maurice Hinchey (D-NY) and Dana Rohrabacher (R-CA) have introduced House Concurrent Resolution 333, which states, "Congress expresses its continued support for employee stock ownership plans." The resolution notes that "there have been ample data collected by objective research indicating that th

The Hitachi Foundation and MIT's Sloan School of Management released a video on employee ownership featuring Mary Ann Beyster of the Foundation for Enterprise Development (FED).

According to data from the 2006 Employee Benefit Research Institute/Investment Company Institute Participant-Directed Retirement Plan Data Collection Project, the percentage of 401(k) assets held in company stock declined to 11.1% in 2006, down from 13% in 2005 and a peak of 19% in 1999.

Representative Amo Houghton (R-NY) has introduced legislation (H.R.

Amo Houghton (R-NY) has introduced H.R. 286, a bill to permanently exempt gains from exercises of incentive stock options and employee stock purchase plan options from payroll taxes. The IRS has delayed implementation of a rule to impose the taxes indefinitely. Houghton has 29 cosponsors.

Two House committees and one Senate committee have now passed retirement reform proposals. The House Education and the Workforce Committee and the House Ways and Means Committee bills generally follow the outlines of President Bush's proposals.

On a 255 to 163 vote, the House passed H.R. 3762, the Pension Security Act. The bill follows the general outlines of President's Bush's proposal for retirement plan reform, but adds some significant new initiatives.

On March 29, the House passed the SECURE 2.0 Act (H.R. 2954), which makes two minor improvements for ESOPs plus other changes aimed at making it easier for employers and employees to assure retirement plans work more effectively. Some of these will affect ESOPs.