Embodiments herein are directed to an elevator counterweight governor assembly for an elevator assembly. The elevator counterweight governor assembly includes a swing arm, a first pulley assembly, a second pulley assembly, a third pulley assembly, and a braking assembly. The swing arm is pivotally coupled to the at least one inner beam at one end. The swing arm is configured to pivot between a disengaged position and an engaged position. The braking assembly is configured to move between an unactivated state where the braking assembly is free from the fixed member and an activated state where the braking assembly engages with the fixed member to inhibit movement of the counterweight frame. When the swing arm is in the disengaged position, the braking assembly is in the unactivated state and when the swing arm is in the engaged position, the braking assembly is in the activated state.