US tracker

S. 2403

Retire through Ownership Act

Health, Education, Labor, and Pensions Committee · Sen. Roger Marshall (R-KS)

16 September 2026 | Passed House (401-14)

What's next: Presidential review (±10 days)

Summary: The bill would clarify how Employee Stock Ownership Plans (ESOPs) determine the fair market value of company stock that isn't publicly traded, by allowing plan fiduciaries to rely on valuations from independent experts who follow established appraisal methodologies. This aims to give workers and plan managers greater confidence in the value assigned to their retirement benefits in closely held companies.

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Posted 17 September 2026

As published — the exact text this tracker posted, kept verbatim for the record

S. 2403 | Retire through Ownership Act | Sen. Roger Marshall (R-KS) | Health, Education, Labor, and Pensions Committee 📅 16 September 2026 | ✅🏛️ Passed House (401-14) What's next: Presidential review (±10 days) Summary: The bill would clarify how Employee Stock Ownership Plans (ESOPs) determine the fair market value of company stock that isn't publicly traded, by allowing plan fiduciaries to rely on valuations from independent experts who follow established appraisal methodologies. This aims to give workers and plan managers greater confidence in the value assigned to their retirement benefits in closely held companies. [AI-Generated]

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