119-S1728
Employee Ownership Representation Act of 2025
Last action was on 5-13-2025
SenateCurrent status is Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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119th CONGRESS
1st Session
S. 1728
1. Short title2. Expansion of the ERISA Advisory Council1. Short title
This Act may be cited as the "Employee Ownership Representation Act of 2025".
2. Expansion of the ERISA Advisory Council
(a) In general - Section 512(a) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1142(a)) is amended—
(1) - in paragraph (1)—
(A) - by striking "fifteen members" and inserting "17 members"; and
(B) - by striking "eight members" and inserting "10 members"; and
(2) - in paragraph (3), by inserting "two shall be representatives of employee ownership organizations;" after "pension plan;".
(b) Effective date - Not later than 1 year after the date of enactment of this Act, the Secretary of Labor shall nominate the first 2 representatives of employee ownership organizations authorized to serve as members of the Advisory Council on Employee Welfare and Pension Benefit Plans under section 512(a) of the Employee Retirement Income Security Act of 1974 (29 1142(a)), as amended by subsection (a).