S. 1728

119th CONGRESS 1st Session

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 · Sponsor: Mr. Cassidy · Committee: Committee on Health, Education, Labor, and Pensions

Table of contents

• S. 1728
  • SEC. 1. Short title
  • SEC. 2. Expansion of the ERISA Advisory Council

SEC. 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 () is amended— 29 U.S.C. 1142(a)
  • In general
    • in paragraph (1)—
      • by striking fifteen membersand inserting 17 members; and
      • by striking eight membersand inserting 10 members; and
    • in paragraph (3), by inserting after .
• (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).