Bill Would Boost ESOPs

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You may think the U.S. Senate has bigger fish to fry – uh, like health care reform? – but senators now have something new to consider that will be of interest to HR leaders: a bill with bipartisan support that would encourage companies to offer employee stock ownership plans.

 

Introduced July 12 by Sens. Gary Peters (D-Mich.) and Jim Risch (R-Idaho), the bill in part aims to give workers another way to save for retirement, according to a statement issued by Risch. ESOPs also may offer

business owners the opportunity for a comfortable exit.

Advocates for

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