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Enhanced Employee Voice in Retirement Funds and Ownership Programs

This Act expands employee representation on the advisory council for retirement benefits, establishes a new office and advisory council for employee ownership, and creates an employee ownership advocate. These changes aim to better represent employee interests and promote programs where employees co-own companies, potentially impacting their financial security and workplace engagement.
Key points
Increased representation for employee organizations on the advisory council for employee welfare and pension benefit plans, giving employees a stronger voice in decisions affecting their retirement and benefits.
Establishment of an Office of Employee Ownership and an Advisory Council on Employee Ownership to promote and support programs where employees become co-owners of businesses.
Appointment of an Advocate for Employee Ownership to assist in dispute resolution, educate, and advise on employee ownership matters, making it easier for employees to access these opportunities.
article Official text account_balance Process page
Passed Senate
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1728
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2025-05-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Employee Ownership Representation Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1728.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-13.

What are the main provisions?

Key points include:

  • Increased representation for employee organizations on the advisory council for employee welfare and pension benefit plans, giving employees a stronger voice in decisions affecting their retirement and benefits.
  • Establishment of an Office of Employee Ownership and an Advisory Council on Employee Ownership to promote and support programs where employees become co-owners of businesses.
  • Appointment of an Advocate for Employee Ownership to assist in dispute resolution, educate, and advise on employee ownership matters, making it easier for employees to access these opportunities.
What is the specific legal status?

The current status is Passed Senate.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Passed Senate with an amendment by Unanimous Consent.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Labor Economy