Bill · S. 2474· Senate(119-S-2474)
Advocate for Employee Ownership Act
- Introduced
- 7/28/2025
- Last activity
- 7/28/2025 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Sponsored by
- Maggie Hassan
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Advocate for Employee Ownership Act requires the Secretary of Labor to appoint an Advocate for Employee Ownership. This Advocate will work within the existing Employee Ownership Initiative. The role involves acting as a liaison between the Department of Labor and various stakeholders like employers and workers. Additionally, the Advocate is tasked with providing public education and assistance regarding employee ownership and stock ownership plans. The position also includes resolving disputes and recommending legislative changes to increase employee ownership practices. Finally, the Advocate must submit annual reports to Congress regarding their activities and progress.
Yes· 3 of 5
Would business owners be better off under this?+5
The bill provides resources for business succession planning through employee ownership.
Does this make it easier to run a small business?+5
The bill facilitates business succession planning and access to capital through employee ownership outreach.
Does this make what the government does easier for the public to see?+4
The bill requires the Advocate to make annual reports available to the public.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Access to Information: The Advocate will provide public education and assistance regarding the expansion of employee ownership and the use of employee stock ownership plans (Section 2(b)(3)).
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Dispute Resolution: The Advocate is tasked with providing assistance to resolve disputes between the Department of Labor and employee stock ownership plan sponsors, fiduciaries, or participants (Section 2(b)(4)).
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Improved Communication: The Advocate will act as a liaison between the Department of Labor, employers, workers, and other stakeholders to facilitate communication (Section 2(b)(2)).
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Legislative Advocacy: The Advocate is responsible for identifying and recommending legislative and administrative changes, such as those related to access to capital, to promote employee ownership (Section 2(b)(5)).
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Coordinated Outreach: The Advocate will coordinate with other Federal agencies and state and local governments to inform employees and employers about the benefits of employee ownership for business succession planning (Section 2(b)(6)).
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly stated within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Middle Class Households+3Good For Union Workers+2
- Economy And Finance
- Improves Small Business Support+5
- Governance And Ideology
- Improves Government Transparency+4
- 7/28/2025
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 1 Cosponsor added.
- Introduced in Senate
3 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Steve DainesRepublican · Montana