[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1728 Introduced in Senate (IS)]

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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).
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