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S. 2403

Retire through Ownership Act

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

15 October 2026  |  Signed by Pres. Trump

What's next: Takes effect (on enactment unless the text sets other dates)

Summary: The law allows Employee Stock Ownership Plan fiduciaries to rely on valuations from independent experts when determining the fair market value of non-publicly traded company stock, provided the experts follow established appraisal methodologies. This gives plans clearer guidance on how to fairly value employee shares in privately held companies.

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Posted 16 October 2026

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