Retire through Ownership Act

Summary

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 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. Under the bill, an independent appraiser or expert must adhere to the methodology established under the Internal Revenue Service Ruling 59-60, which prescribes the factors a professional business appraiser should consider in forming a valuation of the stock for a closely held business.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Out of committee and scheduled for a vote by the full chamber.

House Committee on Education and Workforce · U.S. House of Representatives

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Cosponsors

Related bills

• S. 2403Retire through Ownership ActRelated bill

As identified by Congress.gov.

Full history

1. Jan 14, 2026

   Placed on the Union Calendar, Calendar No. 383.

2. Jan 14, 2026

   Placed on the Union Calendar, Calendar No. 383.

3. Jan 14, 2026

   Introduced

   Placed on the Union Calendar, Calendar No. 383.

   U.S. House

4. Jan 14, 2026

   Placed on the Union Calendar, Calendar No. 383.

5. Jan 14, 2026

   Reported out of committee

   Reported (Amended) by the Committee on Education and Workforce. H. Rept. 119-448.

Read the record

• Read on Congress.gov (opens in a new tab) The official record on Congress.gov.