I ask for assurance that the conference outcome is consistent with existing law as set forth in Public Law 94-455, establishing that Congress wants to encourage ESOPs, not choke them to death with unreasonable rules and regulations.
Cass Ballenger: “I ask for assurance that the conference outcome is consistent with existing law as set forth in Public Law 94-455…”
Editor's note · Context
Discussing employee stock ownership plans during a colloquy on a conference report.
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