Creates new government roles and councils to boost employee ownership in businesses.
This bill would create new government roles and advisory groups to support businesses where employees own a share. It would add representatives for employee ownership to an existing council and set up a new office and an advocate within the Department of Labor. This means more resources and guidance for workers and companies interested in employee ownership.
Currently, the Department of Labor does not have a dedicated office or advocate specifically for employee ownership, and its main employee benefits council lacks direct representation from employee ownership groups. If this bill passes, the Department of Labor would create a new Office of Employee Ownership and an Advocate for Employee Ownership. The main benefits council would grow from 15 to 17 members, with two new seats for employee ownership representatives, and a separate 7-member Advisory Council on Employee Ownership would be established.
S 1728 · 119th Congress · May 13, 2025 · AI Summary by gemini-2.5-flash · 9/10
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6 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.