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Senate Bill 1728
119th Congress(2025-2026)
Employee Ownership Representation Act of 2025
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Passed Senate on Oct 9, 2025
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S. 1728 (Introduced-in-Senate)


119th CONGRESS
1st Session
S. 1728


To amend the Employee Retirement Income Security Act of 1974 to expand the membership of the Advisory Council on Employee Welfare and Pension Benefit Plans to include representatives of employee ownership organizations.

IN THE SENATE OF THE UNITED STATES

May 13, 2025

Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions

A BILL

To amend the Employee Retirement Income Security Act of 1974 to expand the membership of the Advisory Council on Employee Welfare and Pension Benefit Plans to include representatives of employee ownership organizations.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Employee Ownership Representation Act of 2025”.

SEC. 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).