Corey Rosen
Senators Steve Daines (R-MT) and Maggie Hassan (D-NH), along with a bipartisan group of cosponsors, have introduced the Promotion and Expansion of Private Employee Ownership Act of 2025 (PDF). This is a companion bill to H.R. 3105, introduced by Representatives Mike Kelly (R-PA, chair of the House Ways and Means Committee) and Jimmy Panetta (D-CA). The bill has four components:
Corey Rosen
The Senate Health, Education, Labor, and Pensions (HELP) committee unanimously voted to advance two pieces of proposed pro-ESOP legislation, making them eligible for full Senate consideration. It also incorporated the text of a third bill on ESOPs, while deferring action on two others.
Kimberly McCourtney
In an ESOP company, the CFO plays a unique (and critical) role, ensuring financial health, driving value creation, and safeguarding long-term sustainability. From capital structure to compliance, from repurchase planning to strategic growth, the impact of the CFO is far-reaching and can dictate the future of the company.
Matthew Licina
Yesterday, the Senate’s HELP (Health, Education, Labor, and Pensions) Committee held a hearing titled "Empowering Workers by Expanding Employee Ownership." As detailed in our previous post, this hearing was a rare example of a congressional hearing focused exclusively on employee ownership.
Corey Rosen
The US House of Representatives Education and Workforce Subcommittee held a hearing on July 22, 2025, on transparency and oversight at the Department of Labor (DOL) Employee Benefits Security Administration (EBSA). The hearing, titled “Restoring Trust: Enhancing Transparency and Oversight at EBSA,” focused on alleged EBSA overreach in enforcing the Employee Retirement Income Security Act (ERISA). EBSA's enforcement includes audits, investigations, and litigation to ensure that companies comply with ERISA's requirements.
Nancy Wiefek
Research Associate Matt Mazewski from the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers has completed an analysis of US Census data on how many privately held firms in the US are “good candidates” for conversion to employee ownership through an ESOP or worker cooperative. He draws upon the US Census Bureau’s Annual Business Survey, County Business Patterns, and Economic Census.
Loren Rodgers
The Senate’s HELP (Health, Education, Labor, and Pensions) Committee will hold hearings on employee ownership at 10am Eastern on Thursday, July 24. The hearing’s title is "Empowering Workers by Expanding Employee Ownership," and the public can livestream it at the hearing’s landing page.
Matthew Licina
For each employee it touches, employee ownership is more than just a succession planning structure—it’s a catalyst for growth and long-term success. As your business moves through the ESOP life cycle, it is important to leverage the ESOP in a strategic way to promote growth, innovation, employee engagement, and more.
Corey Rosen
Emprise, a 100% ESOP-owned holding company that acquires and invests in middle-market consumer product companies, has acquired Nice-Pak Products through its portfolio company Vivos Holdings, LLC, creating one of the largest companies in its field. Emprise, which the company says stands for "employee" and "enterprise," includes a number of personal care companies, including Consumer Product Partners, Surefil, UpLift Brands, and Vi-Jon, as well as INSPR Labs, which provides research and analytical services for the personal care industry. Nice-Pak is a manufacturer of sanitizing wipes for personal care, babies and toddlers, homes, hospitals, and other users.
