US tracker

S. 2403

Retire through Ownership Act

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

5 October 2026 | Presented to President

What's next: President has 10 days (Sundays excepted): sign, veto, or it becomes law unsigned (pocket veto if adjournment prevents return)

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 6 October 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 📅 5 October 2026 | 📌 Presented to President What's next: President has 10 days (Sundays excepted): sign, veto, or it becomes law unsigned (pocket veto if adjournment prevents return) 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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