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Senate bill · S. 2403 (119th Congress)

Retire through Ownership Act

U.S. Senate

Latest action Oct 15, 2026

Sponsor: Roger Marshall (U.S. Senator for Kansas, Republican)

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From Congress.gov and official rosters. This record was last updated Oct 21, 2026. About our data

Summary

Amends the Employee Retirement Income Security Act to clarify the definition of "adequate consideration" for ERISA fiduciaries when valuing closely held stock in employee stock ownership plans.

AI summary. Not an official summary. How we handle summaries

Where it stands

Signed into law.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Senate Committee on Health, Education, Labor, and Pensions · U.S. Senate

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic1

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Recorded votes

  • Vote: On Motion to Suspend the Rules and Pass

    U.S. HouseSep 16, 2026Result: Passed

    (401) (14) (0) (18)

Related bills

As identified by Congress.gov.

Full history

  1. Oct 15, 2026

    Enacted

    Became Public Law No: 119-124.

  2. Oct 15, 2026

    Signed

    Signed by President.

    President

  3. Oct 5, 2026

    Sent to the executive

    Presented to President.

    President

  4. Sep 16, 2026

    Considered as Unfinished business. (consideration: cr H5960)

    Considered as unfinished business. (consideration: CR H5960)

  5. Sep 16, 2026

    Considered as Unfinished business. (consideration: cr H5960)

    Considered as unfinished business. (consideration: CR H5960)

Show full history (22 earlier events)
  1. Sep 16, 2026

    Debate - the House Proceeded With Forty Minutes of Debate on S. 2403.

    DEBATE - The House proceeded with forty minutes of debate on S. 2403.

    U.S. House of Representatives

  2. Sep 16, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  3. Sep 16, 2026

    Passed a chamber

    Motion to reconsider laid on the table Agreed to without objection.

  4. Sep 16, 2026

    Passed a chamber

    Passed/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).

    U.S. House of Representatives

  5. Oct 17, 2025

    Held at the desk.

  6. Oct 17, 2025

    Held at the desk.

  7. Oct 17, 2025

    Held at the desk.

  8. Oct 17, 2025

    Introduced

    Held at the desk.

    U.S. Senate

  9. Oct 17, 2025

    Sent to the executive

    Received in the House.

    U.S. House of Representatives

  10. Oct 16, 2025

    Message on Senate Action Sent to the House.

    Message on Senate action sent to the House.

    U.S. Senate

  11. Oct 9, 2025

    Passed a chamber

    Passed Senate with an amendment by Unanimous Consent. (consideration: CR S7103; text: CR S7103)

    U.S. Senate

  12. Sep 11, 2025

    Reported out of committee

    Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

  13. Sep 11, 2025

    Reported out of committee

    Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

  14. Sep 11, 2025

    Reported out of committee

    Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

  15. Sep 11, 2025

    Placed on Senate Legislative Calendar Under General Orders. Calendar No. 158.

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 158.

    U.S. Senate

  16. Jul 30, 2025

    Reported out of committee

    Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.

  17. Jul 30, 2025

    Reported out of committee

    Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.

  18. Jul 30, 2025

    Reported out of committee

    Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.

  19. Jul 23, 2025

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

  20. Jul 23, 2025

    Referred to committee

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

  21. Jul 23, 2025

    Referred to committee

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

  22. Jul 23, 2025

    Referred to committee

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Read the record