The bill would require the Secretary of Labor to appoint an Advocate for Employee Ownership within the Employee Ownership Initiative. The Advocate would connect the Labor Department with workers, employers, employee ownership advocates, and other stakeholders. Duties would include public education, assistance with certain disputes involving employee stock ownership plans, and recommendations on ways to support employee ownership. The Advocate would also coordinate outreach with other federal agencies and state and local governments and submit public annual reports to Congress.
Workers and employers could receive information and assistance about employee ownership, including employee stock ownership plans. The Advocate could help facilitate communication during certain disputes with the Labor Department. The bill does not promise a particular result from that assistance.
The bill authorizes amounts as necessary to pay the Advocate’s compensation. It does not specify a dollar amount.
No publicly available information.
No publicly available information.