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Tom Buffo's avatar

I would love to see the Employee Equity Act become reality. These are truly great ideas on how to enable meaningful equity ownership by employees over time by truly incentivizing companies to go down this path and better share the value created by their most valuable asset (employees) with them. Significant equity of companies in their employee hands has huge advantages by aligning everyone’s goals and significantly reducing turnover and training costs.

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Paul's avatar

Re: Employee Equity Act -- the new, bipartisan American Ownership and Resilience Act (AORA) would help small businesses convert to employee ownership while giving an exit to the owners, whether they're original local owners nearing retirement or remote investors.

I'm excited about AORA and think it deserves more attention. FWIW I wrote all my representatives to support it. I hope it gets scheduled for floor discussion and vote.

See Sen. Van Hollen's press release, which links to the bill itself: https://www.vanhollen.senate.gov/news/press-releases/van-hollen-moran-moore-trahan-introduce-bipartisan-bill-to-boost-employee-ownership-of-businesses

I hadn't heard of The Employee Ownership Expansion Network until I read your post, but am guessing they might have helped with AORA-- if so, right on!

I just discovered The Elysian -- looks great, glad to be here!

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