S. 2403
HouseRetire through Ownership Act
The House of Representatives has passed this bill. It now moves to the Senate.
In brief
The Retire through Ownership Act allows fiduciaries of Employee Stock Ownership Plans (ESOPs) to determine the fair market value of non-publicly traded assets by relying on valuations from independent experts or business appraisers. To qualify, these appraisers must follow the specific methodologies established under Internal Revenue Service Ruling 59-60 for valuing closely held businesses. This law affects private companies with ESOPs and their employees by providing a standardized process for calculating share prices for retirement accounts. Introduced by Senator Roger Marshall (R-KS), the bill was signed into law in October 2026.
Votes recorded
Tallies as reported by the House Clerk and the Senate. Individual member votes are available on the linked source page.
Timeline
Every recorded action, oldest first.
September 16, 2026 · House
Passed the House
The House passed the Retire through Ownership Act by a vote of 401-14.
Passed 401-14
Next: Awaits signature by the President.
SourceSeptember 16, 2026 · House
Vote recorded
The House passed the Retire through Ownership Act by a 401-14 vote under suspension of the rules.
Passed 401-14
Next: Sent to the President.
Source