Bills · S 2474
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2474Labor and Employment
Advocate for Employee Ownership Act
INTRO JUL 28· LAST ACTION JUL 28
READING
5MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it establishes a dedicated federal position to actively promote and support employee ownership, which can offer significant benefits for workers and businesses. If this bill becomes law, there would be a clearer pathway for employers to learn about and transition to employee ownership, potentially leading to more stable businesses, increased employee engagement, and better wealth distribution for workers.
Without this bill, the promotion of employee ownership might remain more fragmented, and businesses and employees could have fewer resources for guidance or dispute resolution related to these complex structures. The bill aims to make employee ownership a more visible and accessible option, potentially influencing economic development and employee well-being on a broader scale.
KEY PROVISIONS
4AI-extractedPROVISION 01
Requires the Secretary of Labor to appoint an Advocate for Employee Ownership within the existing Employee Ownership Initiative.
This creates a dedicated, high-level position focused solely on promoting and supporting employee ownership.
PROVISION 02
Assigns specific duties to the Advocate, including acting as a liaison, providing public education, assisting in dispute resolution, and recommending legislative changes.
These duties ensure active engagement with stakeholders, provide practical support, and influence policy to expand employee ownership.
PROVISION 03
Mandates that the Secretary of Labor seek the Advocate's advice when developing regulations or interpretations related to Employee Stock Ownership Plans (ESOPs).
This ensures that regulatory decisions are informed by an expert perspective focused on the practicalities and expansion of employee ownership.
PROVISION 04
Requires the Advocate to submit an annual report to Congress and the public detailing their activities, challenges, and recommendations for promoting employee ownership.
This provision ensures transparency, accountability, and a continuous feedback loop for improving policies and practices related to employee ownership.
SPONSORSHIP
1 + 1
D· New Hampshire
YRS IN OFFICE
9
BILLS LED
55
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSJUL 28
Introduced in Senate
JUL 28
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
BILL INFO
TypeSenate Bill
NumberS 2474
Congress119th
StatusIn Committee
IntroducedJul 28, 2025
Last actionJul 28, 2025
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IN COMMITTEE· 119TH CONGRESS · HEALTH, EDUCATION, LABOR, AND PENSIONS COMMITTEE · INTRODUCED JUL 28, 2025
Senate BillS 2474Labor and Employment
Advocate for Employee Ownership Act
INTRODUCED JUL 28, 2025· LAST ACTION JUL 28, 2025
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
1
COMPLEXITY
Moderate
