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Employee Ownership Advocate: Supporting Worker-Owned Businesses

This act establishes an Advocate for Employee Ownership within the Department of Labor. This new role aims to assist employees and businesses in transitioning to employee ownership models, resolve disputes, and promote the benefits of such structures. It seeks to empower citizens to participate in company profits and management.
Key points
Establishes an Advocate for Employee Ownership to support businesses and employees in adopting employee ownership.
The Advocate will help resolve disputes between the Department of Labor and employee ownership plans.
Promotes public education and awareness about the benefits of employee ownership, including Employee Stock Ownership Plans (ESOPs).
Advises on legislative and administrative changes to encourage the growth of employee ownership practices.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2474
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2025-07-28
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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

Advocate for Employee Ownership Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2474.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-28.

What are the main provisions?

Key points include:

  • Establishes an Advocate for Employee Ownership to support businesses and employees in adopting employee ownership.
  • The Advocate will help resolve disputes between the Department of Labor and employee ownership plans.
  • Promotes public education and awareness about the benefits of employee ownership, including Employee Stock Ownership Plans (ESOPs).
  • Advises on legislative and administrative changes to encourage the growth of employee ownership practices.
What is the specific legal status?

The current status is Introduced.

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. Hassan, Margaret Wood [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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