Business View Magazine - Dec 2023

advocacy of ESOPs on Capitol Hill. The bridge they build between the two realms ensures that the significance of ESOPs is preserved in legislative deliberations. “We’ve been working with a bipartisan group of members of the tax-writing committee on legislation that will provide an incentive for business owners to transition to ESOP ownership,” Montaño says. The bill currently has around 30 Senate co- sponsors and was just introduced at the end of July this year. With such consistent effort, the desired incentives are sure to become a legal reality, especially considering the fact that ESCA members host regular lobby days where hundreds of their members meet with hundreds of congressional representatives. With such spirited outreach, ESCA members will be able to secure the desired legislative advantages and also help Congressional members reach a point where they can be proud of passing policies that support such a beneficial business model. Noelle Montaño, Executive Director 140 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 12