WASHINGTON, Oct. 16 -- Sen. Tim Kaine issued the following press release:
WASHINGTON, D.C. - U.S. Senator Tim Kaine's (D-VA) bipartisan Retire through Ownership Act has become law. The bipartisan legislation, which he introduced with Senator Roger Marshall (R-KS), will facilitate the establishment and operation of employee stock ownership plans (ESOPs). ESOPs allow workers to directly share in the profits they help their company earn, leading to higher wages and more wealth-building.
"Employee stock ownership plans are good for workers and businesses because they provide opportunities for employees to benefit in a company's financial success and gives them more ownership in their workplace," said Kaine, a member of the Senate Health, Educ...