[Congressional Record (Bound Edition), Volume 156 (2010), Part 6]
[House]
[Pages 7938-7939]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    ESOP PROMOTION AND EXPANSION ACT

  (Mr. BLUMENAUER asked and was given permission to address the House 
for 1 minute.)
  Mr. BLUMENAUER. This week, representatives from employee-owned S

[[Page 7939]]

corporations from around America will be on Capitol Hill, giving a 
chance for Members and staff to hear directly from these employee 
owners how their investment and hard work facilitated by this unique 
ownership helps create jobs and helps their employee owners prepare for 
retirement; how they expanded jobs here in America, even in this 
difficult environment.
  In 2008, for instance, ESOP increased employment 2 percent, while our 
economy overall shed almost 3 percent of the jobs. Employee-owned 
business wages increased at twice the national average. Each company is 
a unique American success story. That's why I hope you will join me in 
cosponsoring H.R. 3586, the ESOP Promotion and Expansion Act, to 
protect and enhance employee-owned corporations.

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