Employee Ownership Representation Act of 2025

This legislation, known as the Employee Ownership Representation Act of 2025, aims to significantly enhance the promotion and support of employee ownership structures. It expands the existing Advisory Council on Employee Welfare and Pension Benefit Plans by adding two representatives from employee ownership organizations, increasing its total members to seventeen. A key provision is the establishment of a new Office of Employee Ownership within the Department of Labor, operating independently of the Employee Benefits Security Administration. This office will be responsible for executing the Employee Ownership Initiative, with a Director appointed by the Secretary of Labor. The Act also creates a distinct Advisory Council on Employee Ownership , comprising seven members appointed by the Secretary of Labor to advise on employee ownership matters. This council will meet regularly and submit annual reports with recommendations. Finally, the bill establishes an Advocate for Employee Ownership position within the Department of Labor's Employee Ownership Initiative. This advocate will serve as a crucial liaison, providing public education, assisting in dispute resolution, and recommending legislative and administrative changes to foster the growth of employee ownership, including employee stock ownership plans. The Advocate will also coordinate with other federal agencies and submit annual reports on their activities.