#aai? ,,congress  #a/ ,session  ,s4     
#agbh  ,,an ,,act  ,to am5d ! ,employee 
,retirem5t ,income ,security ,act (     
#aigd to exp& ! memb]%ip ( ! ,advisory  
,c\ncil on ,employee ,welf>e & ,p5sion  
,b5efit ,plans to include repres5tatives
 ( employee own]%ip organizations4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,employee ,own]%ip ,repres5tation ,act (
 #bjbe4  #b4 ,expansion ( ! ,,erisa     
,advisory ,c\ncil  7a7 ,9 g5]al ,section
 #eab7;a7 ( ! ,employee ,retirem5t      
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #aadb7;a77 is am5d$-- 7#a7 9  
p>agraph 7#a7-- 7,a7 by /rik+ fifte5    
memb]s & ins]t+ #ag memb]s2 &  7,b7 by  
/rik+ eight memb]s & ins]t+ #aj memb]s2 
&  7#b7 9 p>agraph 7#c71 by ins]t+ two  
%all be repres5tatives ( employee       
own]%ip organizations2 aft] p5sion      
plan24  7b7 ,effective date ,n lat] ?an 
#a ye> aft] ! date ( enactm5t ( ?is     
,act1 ! ,secret>y ( ,labor %all nom9ate 
! fir/ #b repres5tatives ( employee     
own]%ip organizations au?oriz$ to s]ve z

 memb]s ( ! ,advisory ,c\ncil on        
,employee ,welf>e & ,p5sion ,b5efit     
,plans "u section #eab7;a7 ( ! ,employee
 ,retirem5t ,income ,security ,act (    
#aigd 7#bi ,u4,s4,c4 #aadb7;a771 z am5d$
 by subsection 7a74  #c4 ,(fice (       
,employee ,own]%ip  7a7 ,e/abli%m5t ( ! 
,(fice ( ,employee ,own]%ip  7#a7 ,9    
g5]al ,n lat] ?an #ij days aft] ! date (
 enactm5t ( ?is ,act1 ! ,secret>y (     
,labor %all e/abli% ! ,(fice ( ,employee
 ,own]%ip 9 ! ,dep>tm5t ( ,labor1       
outside ( ! ,employee ,b5efits ,security
 ,adm9i/ration4  7#b7 ,director ,!      
,secret>y ( ,labor %all appo9t !        
,director ( ! ,(fice ( ,employee        
,own]%ip to s]ve z ! head ( ! ,(fice at 
! pleasure ( ! ,secret>y ( ,labor4  7#c7
 ,/aff ,! ,director ( ! ,(fice (        
,employee ,own]%ip may select1 appo9t1 &
 employ su* employees z are necess>y to 
c>ry out ! functions ( ! ,(fice4  7b7   
,functions ,! ,director ( ! ,(fice (    
,employee ,own]%ip %all be responsible =
 c>ry+ out ! ,employee ,own]%ip         

,initiative e/abli%$ "u section #cdf ( !
 ,,secure #b4j ,act ( #bjbb 7#bi        
,u4,s4,c4 #cbbh74  #d4 ,advisory ,c\ncil
 on ,employee ,own]%ip  7a7 ,9 g5]al    
7#a7 ,e/abli%m5t ,!re is h]eby e/abli%$ 
an ,advisory ,c\ncil on ,employee       
,own]%ip 7h]e9aft] 9 ?is section ref]r$ 
to z ! ,c\ncil7 consi/+ ( #g memb]s     
appo9t$ by ! ,secret>y ( ,labor4  7#b7  
,memb]%ip  7,a7 ,9 g5]al ,( ! #g memb]s 
( ! ,c\ncil-- 7i7 #d %all be appo9t$ to 
repres5t employees2  7ii7 #a %all be    
appo9t$ to repres5t companies t h       
e/abli%$ an employee /ock own]%ip plan  
or eligible work]-own$ coop]ative2      
7iii7 #a %all be appo9t$ to repres5t    
employee /ock own]%ip plan provid]s2 &  
7iv7 #a %all be appo9t$ to repres5t     
associations or o!r memb]%ip            
organizations = employee /ock own]%ip   
plans or eligible work]-own$            
coop]atives4  7,b7 ,political           
affiliation ,n m ?an #d memb]s ( !      
,c\ncil %all be memb]s ( ! same         
political p>ty4  7#c7 ,t]ms ,memb]s ( ! 

,c\ncil %all s]ve = t]ms ( #b ye>s4     
7#d7 ,appo9tm5t2 reappo9tm5t ,a memb] ( 
! ,c\ncil may be reappo9t$ to s]ve      
additional t]ms4  7#e7 ,vacancies ,a    
memb] ( ! ,c\ncil appo9t$ to fill a     
vacancy %all be appo9t$ only = ! rema9d]
 ( su* t]m4  7#f7 ,quorum ,a majority ( 
memb]s ( ! ,c\ncil %all con/itute a     
quorum & action %all be tak5 only by a  
majority vote ( ^? pres5t & vot+4  7b7  
,duties & functions  7#a7 ,9 g5]al ,x   
%all be ! duty ( ! ,c\ncil to advise !  
,secret>y ( ,labor ) respect to ! c>ry+ 
out ( ! functions ( ! ,secret>y ( ,labor
 "u ?is ,act & to submit to ! ,secret>y 
( ,labor recomm5dations ) respect to    
c>ry+ out su* duties4  7#b7 ,meet+s ,!  
,c\ncil %all meet at lea/ #d times ea*  
ye> & at su* o!r times z ! ,secret>y (  
,labor reque/s4  7#c7 ,report ,! ,c\ncil
 %all annually submit a report to !     
,secret>y ( ,labor on ! recomm5dations  
describ$ 9 p>agraph 7#a74  7c7          
,executive ,secret>y2 ,secret>ial &     
cl]ical s]vices ,! ,secret>y ( ,labor   

%all furni% to ! ,c\ncil an ,executive  
,secret>y & su* secret>ial1 cl]ical1 &  
o!r s]vices z are det]m9$ necess>y to   
conduct ! bus9ess ( ! ,c\ncil4 ,!       
,secret>y ( ,labor may call ^u o!r      
ag5cies ( ! ,f$]al ,gov]nm5t = /ati/ical
 data1 reports1 & o!r in=mation :i* w   
assi/ ! ,c\ncil 9 ! p]=mance ( its      
duties4  7d7 ,comp5sation  7#a7 ,9 g5]al
 ,memb]s ( ! ,c\ncil %all ea* be entitl$
 to receive ! daily equival5t ( ! annual
 rate ( basic pay 9 effect = level ,,iv 
( ! ,executive ,s*$ule "u section #ecae 
( title #e1 ,unit$ ,/ates ,code = ea*   
day 7includ+ travel "t7 dur+ :i* !y are 
engag$ 9 ! actual p]=mance ( duties ve/$
 9 ! ,c\ncil4  7#b7 ,travel exp5ses     
,:ile away f _! homes or regul> places (
 bus9ess 9 ! p]=mance ( s]vices = !     
,c\ncil1 memb]s ( ! ,c\ncil %all be     
all[$ travel exp5ses1 includ+ p] diem 9 
lieu ( subsi/5ce1 9 ! same mann] z      
p]sons employ$ int]mitt5tly 9 !         
,gov]nm5t s]vice are all[$ exp5ses "u   
section #egjc ( title #e1 ,unit$ ,/ates 

,code4  7e7 ,t]m9ation ,section #ajac ( 
title #e1 ,unit$ ,/ates ,code1 relat+ to
 t]m9ation1 %all n apply to ! ,c\ncil4  
7f7 ,def9itions ,9 ?is section3 7#a7    
,eligible work]-own$ coop]ative ,! t]m  
eligible work]-own$ coop]ative has !    
mean+ giv5 ! t]m 9 section #ajdb7;c77#b7
 ( ! ,int]nal ,rev5ue ,code ( #aihf4    
7#b7 ,employee /ock own]%ip plan ,! t]m 
employee /ock own]%ip plan has ! mean+  
giv5 ! t]m 9 section #dige7;e77#g7 ( !  
,int]nal ,rev5ue ,code ( #aihf4  #e4    
,e/abli%m5t ( ! advocate = employee     
own]%ip  7a7 ,9 g5]al ,subtitle ,a (    
title ,,iii ( ! ,employee ,retirem5t    
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #abja et seq47 is am5d$ by    
add+ at ! end ! foll[+3  #cjje4         
,advocate = employee own]%ip  7a7 ,9    
g5]al ,! ,secret>y ( ,labor %all appo9t 
an ,advocate = ,employee ,own]%ip )9 !  
,employee ,own]%ip ,initiative e/abli%$ 
"u section #cdf7;b77#a7 ( ! ,,secure    
#b4j ,act ( #bjbb 7division ,t ( !      
,consolidat$ ,appropriations ,act1 #bjbc

 7,public ,law #aag-cbh774 ,! appo9tm5t 
%all be made )\t reg>d to ! provisions (
 title #e1 ,unit$ ,/ates ,code1 relat+  
to appo9tm5ts 9 ! competitive s]vice or 
,s5ior ,executive ,s]vice4  7b7 ,duties 
,! ,advocate = ,employee ,own]%ip %all--
 7#a7 consult ) ! head ( ! ,employee    
,own]%ip ,initiative e/abli%$ "u section
 #cdf7;b77#a7 ( ! ,,secure #b4j ,act (  
#bjbb 7division ,t ( ! ,consolidat$     
,appropriations ,act1 #bjbc 7,public    
,law #aag-cbh772  7#b7 act z a liaison  
betwe5 ! ,dep>tm5t ( ,labor1 employee   
own]%ip advocates1 employ]s consid]+    
employee own]%ip1 work]s int]e/$ 9      
employee own]%ip1 & o!r /akehold]s1     
includ+ employee /ock own]%ip plan      
sponsors & p>ticipants2  7#c7 provide   
public education & assi/ance relat$ to !
 expansion ( employee own]%ip ?r\gh !   
e/abli%m5t & ma9t5ance ( practices t    
promote employee own]%ip1 includ+ ! use 
( employee /ock own]%ip plans2  7#d7    
provide assi/ance = purposes ( resolv+ a
 dispute betwe5 ! ,dep>tm5t ( ,labor &  

any employee /ock own]%ip plan sponsor1 
fiduci>y1 or p>ticipant & help          
facilitate communication betwe5 su*     
entities & ! ,dep>tm5t ( ,labor = su*   
purposes2  7#e7 id5tify & recomm5d      
pot5tial legislative & adm9i/rative     
*anges1 includ+ relat$ to access to     
capital issues1 to increase practices t 
promote employee own]%ip plans1 includ+ 
! use ( employee /ock own]%ip plans2 &  
7#f7 coord9ate ) o!r ,f$]al ag5cies1    
includ+ ! ,adm9i/rator ( ! ,small       
,bus9ess ,adm9i/ration1 ! ,secret>y ( ! 
,treasury1 & ! ,secret>y ( ,comm]ce1 &  
,/ate & local gov]nm5ts on outrea* &    
education to in=m employees & employ]s  
ab\t ! possibilities & b5efits (        
employee own]%ip z a bus9ess own]%ip    
succession plann+ option4  7c7          
,consultation & input ,! ,secret>y (    
,labor %all solicit advice & input f !  
,advocate = ,employee ,own]%ip 9        
develop+ regulations or int]pretations (
 ?is ,act t relate to employee /ock     
own]%ip plans4  7d7 ,comp5sation ,!     

,advocate = ,employee ,own]%ip %all be  
entitl$ to comp5sation at ! same rate z 
! rate ( basic pay 9 effect = a position
 at level ,v ( ! ,executive ,s*$ule "u  
section #ecaf ( title #e1 ,unit$ ,/ates 
,code4  7e7 ,annual report  7#a7 ,9     
g5]al ,n lat] ?an ,decemb] #ca ( ea*    
cal5d> ye> beg9n+ aft] ! date ( enactm5t
 ( ?is section1 ! ,advocate = ,employee 
,own]%ip %all submit a report to !      
,committee on ,heal?1 ,education1       
,labor1 & ,p5sions ( ! ,s5ate & !       
,committee on ,education & ,work=ce ( ! 
,h\se ( ,repres5tatives on ! activities 
( ! ,(fice ( ! ,advocate = ,employee    
,own]%ip dur+ ! fiscal ye> end+ dur+ su*
 cal5d> ye>1 includ+ ! cont5ts describ$ 
9 p>agraph 7#b74  7#b7 ,cont5ts ,ea*    
report submitt$ "u p>agraph 7#a7 %all-- 
7,a7 summ>ize ! assi/ance reque/s       
receiv$ by ! ,advocate = ,employee      
,own]%ip dur+ ! fiscal ye> end+ dur+ !  
cal5d> ye> ( su* report2  7,b7 describe 
! activities1 includ+ ! activities      
describ$ "u p>agraphs 7#c7 & 7#d7 (     

subsection 7b71 & evaluate !            
effectiv5ess ( ! ,advocate = ,employee  
,own]%ip dur+ su* fiscal ye>2  7,c7     
describe any significant problems !     
,advocate = ,employee ,own]%ip has      
id5tifi$ dur+ su* fiscal ye> & ways to  
mitigate su* problems2  7,d7 conta9     
recomm5dations = any adm9i/rative or    
legislative action t may be appropriate 
to resolve b>ri]s to1 & to inc5tivize1  
practices t promote employee own]%ip1   
includ+ ! use ( employee /ock own]%ip   
plans2 &  7,e7 describe progress relat$ 
to employee own]%ip 9 bus9esses 9 !     
,unit$ ,/ates4  7#c7 ,concurr5t         
submission ,! ,advocate = ,employee     
,own]%ip %all submit a copy ( ea* report
 submitt$ "u p>agraph 7#a7 to !         
,secret>y ( ,labor1 & any o!r           
appropriate (ficial1 at ! same "t su*   
report is submitt$ "u p>agraph 7#a74    
7#d7 ,public availability ,! ,advocate =
 ,employee ,own]%ip %all make a copy (  
ea* report submitt$ "u p>agraph 7#a7    
available to ! public4  7#e7 ,def9ition 

( employee /ock own]%ip plan ,= purposes
 ( ?is section1 ! t]m employee /ock     
own]%ip plan has ! mean+ giv5 ! t]m 9   
section #dige7;e77#g7 ( ! ,int]nal      
,rev5ue ,code ( #aihf4  7f7             
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ su* sums z   
may be necess>y to c>ry out subsection  
7d74  4  7b7 ,cl]ical am5dm5t ,! table (
 cont5ts 9 section #a ( ! ,employee     
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #ajja note7 is     
am5d$ by ins]t+ aft] ! item relat+ to   
section #cjjd ! foll[+ new item3  ,sec4 
#cjje4 ,advocate = employee own]%ip4  4 
,pass$ ! ,s5ate ,octob] #i1             
#bjbe4,secret>y