Bills · 119th Congress · Labor and Employment

Retire through Ownership Act

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Roll calls on this bill

Votes on passage
HouseOn Motion to Suspend the Rules and Pass · 9/16/26Suspension of the rulesA fast-track House procedure, usually for measures expected to have broad support. Debate is limited to 40 minutes, no amendments can be offered, and it needs a two-thirds vote of members voting — not a simple majority. A yes vote passes the bill.Rules of the House, Rule XV, clause 1 ↗
Passed
  • Democratic209 Yea · 0 Nay · 5 Not voting
  • Republican191 Yea · 14 Nay · 13 Not voting
  • Independent / Other1 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

Retire through Ownership Act

This bill allows the fiduciary of an Employee Stock Ownership Plan (ESOP) to rely on a valuation provided by an independent valuation expert or business appraiser in determining the fair market value of the plan's securities if the securities are not traded on a national securities exchange (i.e., not publicly traded) and the expert or appraiser follows specified methodologies.

In general, ESOPs are defined contribution pension plans where employees accrue shares of their employers' stock in individual accounts as part of their compensation. After separating from employment or retiring, employees receive the cash value of their shares.

Full text on congress.gov ↗
Sponsor
Sen. Roger Marshall ( Republican · KS)
Cosponsors
1
Introduced
7/23/25
Policy area
Labor and Employment
Status
7/23/25Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
7/23/25Introduced in Senate
7/30/25Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
9/11/25Placed on Senate Legislative Calendar under General Orders. Calendar No. 158.
9/11/25Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
10/9/25Passed Senate with an amendment by Unanimous Consent. (consideration: CR S7103; text: CR S7103)
10/9/25Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
10/16/25Message on Senate action sent to the House.
10/17/25Held at the desk.
10/17/25Received in the House.
9/16/26Motion to reconsider laid on the table Agreed to without objection.
9/16/26On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 14 (Roll no. 314). (text: CR H5905)
9/16/26Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 14 (Roll no. 314).
9/16/26Considered as unfinished business. (consideration: CR H5960)
9/16/26At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
9/16/26DEBATE - The House proceeded with forty minutes of debate on S. 2403.
9/16/26Considered under suspension of the rules. (consideration: CR H5905-5906)
9/16/26Mr. Walberg moved to suspend the rules and pass the bill.