US Congress · S. 1728 · Passed the Senate

Employee Ownership Representation Act of 2025

Introduced

Moved

Reached a final decision

Introduced 2025-05-13

Derived from the official record below.

Officially: “Employee Ownership Representation Act of 2025” Read the full text

Labor and Employment

What it does

Employee Ownership Representation Act of 2025 This bill expands the membership of the Advisory Council on Employee Welfare and Pension Benefit Plans to include two representatives of employee ownership organizations. The advisory council generally advises and makes recommendations to the Department of Labor about the department's functions under the Employee Retirement Income Security Act of 1974 (ERISA).

Summary by the Congressional Research Service, from the official record. Plain-language version below. Not legal advice.

Read it in plain language

AI plain language2 sections

Written by AI from the complete official bill text and independently fact-checked against it. Not legal advice.

Section 1Short title

This section would let the Act be cited as the "Employee Ownership Representation Act of 2025."

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Official text, verbatim from the record

1. Short title This Act may be cited as the Employee Ownership Representation Act of 2025 .

Section 2Expansion of the ERISA Advisory Council

This section would amend section 512(a) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1142(a)), which sets up the Advisory Council on Employee Welfare and Pension Benefit Plans. It would raise the Council's total membership from 15 to 17 members. Within that same paragraph, it would also raise a separate, specifically counted group of members from eight to 10; the text does not say which category of Council members that count covers. It would also add a requirement, in paragraph (3) of that section, that two of the Council's members be representatives of employee ownership organizations. Separately, no later than 1 year after this Act becomes law, the Secretary of Labor would have to nominate the first 2 representatives of employee ownership organizations authorized to serve as members of the Council under section 512(a) as amended by this section.

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Official text, verbatim from the record

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).

AI plain languageRead the whole bill in plain language, 2 sections

Where it is

Introduced · 2025-05-13

In the Senate.

Passed the Senate · 2025-10-09

House floor vote · next · the next step

Official documents

Full bill textread it on this site, version es (Engrossed in Senate), as published by GovInfo

official

Congressional Budget Office cost estimatewhat it would cost, by the nonpartisan CBO

official

The on-site text is shown verbatim from the GovInfo publication, captured 2026-07-23. The same version at GovInfo.

The numbers

29%

of bills that passed one chamber became law in the 118th Congress, 2023 to 2024 (n=939)

sponsors, out of 51 needed to pass

Who is lobbying on this

PRINCIPAL FINANCIAL GROUPvia PRINCIPAL FINANCIAL GROUP

5 filings

INSURED RETIREMENT INSTITUTEvia INSURED RETIREMENT INSTITUTE

4 filings

AMERICAN BENEFITS COUNCILvia DAVIS & HARMAN LLP

3 filings

AFL-CIOvia AFL-CIO

1 filing

From 13 filings in federal lobbying disclosures (LDA), via lda.gov, naming this bill (2025 to 2026). Filings are self-reported by lobbying firms and show who is paid to influence this bill. They do not say which side, or whether it worked.

Every fact on this page links to its source, starting with the official bill record. Last action: Held at the desk. (2025-10-17).