This bill, titled the "Advocate for Employee Ownership Act," requires the Secretary of Labor to establish and appoint an Advocate for Employee Ownership within the Department's Employee Ownership Initiative. This Advocate will operate independently of competitive service rules and be compensated at a senior executive level. The primary purpose of this role is to foster the expansion of employee ownership across the United States. The Advocate's duties include acting as a crucial liaison between the Department of Labor and various stakeholders, such as employers, workers, and employee stock ownership plan sponsors. They will also provide public education and assistance to promote employee ownership practices, including the use of employee stock ownership plans (ESOPs). Furthermore, the Advocate will assist in resolving disputes between the Department of Labor and ESOP entities, and recommend legislative and administrative changes to overcome barriers and incentivize employee ownership. The Advocate is also tasked with coordinating outreach and education efforts with other federal and state agencies, and must submit an annual report to Congress detailing activities, identified problems, and recommendations for advancing employee ownership.