Reminder: Email your senator regarding DOL’s ESOP valuation rule

BVWireIssue #263-1
August 7, 2024

ESOP valuations
appraisal, breach of fiduciary duty, fair market value (FMV), overpayment, employee stock ownership plan (ESOP)

Regardless of whether your practice involves ESOP valuations, you will want to consider a request from The ESOP Association (TEA) to email your senator about signing a bipartisan letter being sent to the Department of Labor (DOL) about an important valuation rule. The letter is from Senators Roger Marshall (R-KS) and Tim Kaine (D-VA) and is also asking the DOL to consult with Treasury about the rule (as required by law) and to have a robust public comment period once the draft rule is released. To see the letter and to send an automated response to your senator, click here.

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