Senate amendment opposes DOL/ESOP fiduciary proposal

BVWireIssue #105-4
June 22, 2011

“Senator Kelly Ayotte (R) of New Hampshire has proposed an amendment to S.782 that would amend ERISA to make clear that appraisers of private company ESOP stock are not ERISA fiduciaries,” reports The ESOP Association’s blog. For more information—including a sample letter to send your Senators and a link to the full text of the amendment— click here.
Please let us know if you have any comments about this article or enhancements you would like to see.