Rothfus Statement on the Encouraging Employee Ownership Act of 2017
Washington, D.C. – Congressman Keith Rothfus [PA-12] released the following statement after the House passed the Encouraging Employee Ownership Act of 2017 (H.R. 1343), which makes it easier for businesses to reward and retain employees by offering them ownership shares. H.R. 1343 updates a Securities and Exchange Commission (SEC) rule to allow firms to offer more shares to employees without having to provide costly and excessive disclosures:
“This legislation is about helping employees at every level in a company, not just top executives, take greater ownership. It will give employers greater flexibility to reward hard-working employees for their contributions while allowing more Americans to get in the game and stay in the game,” said Congressman Rothfus.