S 1728
Passed a chamber
Adds two employee ownership representatives to the ERISA Advisory Council and creates an Office of Employee Ownership, a separate advisory council, and an Advocate for Employee Ownership within the Department of Labor.
Official title: Employee Ownership Representation Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Received
17-OCT-2025
Senate
Introduced
13-MAY-2025
Referred
13-MAY-2025
Approved by committee
30-JUL-2025
Reported
11-SEP-2025
On the calendar
11-SEP-2025
Passed
09-OCT-2025
- Raises the ERISA Advisory Council from 15 to 17 members and requires two of the added seats to represent employee ownership organizations.
- Requires the Secretary of Labor to establish an Office of Employee Ownership within 90 days, outside the Employee Benefits Security Administration.
- Creates a 7-member Advisory Council on Employee Ownership appointed by the Secretary of Labor, with 2-year terms and no more than 4 members from the same political party.
- Establishes an Advocate for Employee Ownership who provides public education, helps resolve disputes involving employee stock ownership plans, and submits an annual report to Congress.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in Senate" (13-MAY-2025); the text has changed since (Engrossed in Senate, 09-OCT-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.govLabor and Employment
■ 2 D
2 Democrats