Trump Benefits Agency Pick Vows to End Regulator ‘War’ on ESOPs

President Donald Trump‘s nominee to lead the nation’s workplace benefits regulator pledged to “end the war” he says the government is waging on employee-owned companies, part of his larger goal to minimize the litigation threat to private sector plans.

Employee stock ownership and association health-care plans, alongside alternative retirement assets such as private-equity and ESG need regulatory clarity, said Daniel Aronowitz, who was tapped by Trump to lead the US Labor Department’s Employee Benefits Security Administration.

In his testimony before the Senate Health, Education, Labor and Pensions Committee on Thursday, the former insurance executive outlined a new vision for ...