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An Overview of the Proposed Temporary Federal ESOP Grant Program Act
National Center for Employee Ownership [NCEO] Link to more items from this source
[Opinion]
July 27, 2020

"[The Temporary Federal ESOP Grant Program Act ... introduced on July 23, 2020] provides substantial federal grants to support employee ownership.... The bill intends ESOPs to receive newly issued shares, not to buy shares from current owners.... The bill is not vulnerable to the risk that owners would offload struggling companies to their workers. Its valuation provisions may not be necessary.... This bill advances an approach to employee ownership that is both a bold innovation and a return to the founding ideas of ESOPs ... It is a statement of a policy principle that employee ownership should be an integral part of any economic recovery legislation."

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