Senator Mitch McConnell Supports ESOPs in Video Message

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The ESOP Association shared a Message from Senator Mitch McConnell at The ESOP Association’s 35th Annual Conference last week and on their blog. In his remarks, Sen. Mitch McConnell [R-KY] reiterated his support of ESOPs and employee ownership, noted the 100+ ESOP companies in Kentucky, cited the Findings of 2010 General Social Survey (GSS), shared his concerns with the DOL ESOP Fiduciary Regulation, and expressed his support of S.1232 A bill to modify the ERISA definition of fiduciary to exclude appraisers of ESOPs.