WASHINGTON — Sen. Jon Husted, R-Ohio, has thrown his support behind the Promotion and Expansion of Private Employee Ownership Act of 2025, co-sponsoring the bipartisan legislation led by Sens. Steve Daines, R-Mont., and Maggie Hassan, D-N.H. Introduced on July 24, the bill aims to enhance Americans’ retirement security by expanding Employee Stock Ownership Plans (ESOPs) for S corporations, removing tax and regulatory hurdles to encourage business owners to sell their companies to employees.