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The Employee Ownership Representation Act of 2025 would expand the Advisory Council on Employee Welfare and Pension Benefit Plans by adding two representatives from employee ownership organizations. This council advises the Department of Labor on matters related to the Employee Retirement Income Security Act of 1974 (ERISA), which governs retirement plans and employee benefits.
Currently, the advisory council provides recommendations to the Department of Labor on how to implement and enforce ERISA regulations. By adding representatives from employee ownership organizations, the bill would ensure that perspectives from companies structured as employee-owned enterprises are included in these discussions. Employee ownership organizations represent workers who have a stake in their companies through ownership plans or arrangements.
The practical impact would be that employee-owned businesses would have a formal voice in shaping how the Department of Labor approaches retirement and pension policy. This could influence future guidance and recommendations on how ERISA rules apply to employee ownership structures. The bill has passed the Senate and is currently being debated in the House of Representatives.
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Congress
119th Congress
Introduced
May 13, 2025
No CBO cost estimate has been published for this bill.
Received in the House.
Oct 17, 2025
Held at the desk.
Oct 17, 2025
Received in the House.
Oct 17, 2025
Held at the desk.
Oct 17, 2025
