Congressional Staffing Intelligence

Hillgraph
Menu
BillsSS. 2403

Retire through Ownership Act

119th CongressIntroduced July 23, 2025Sen. Marshall, Roger [R-KS]· KS
Stage
In committee
Latest action
Presented to President.
October 5, 2026

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 expert or business appraiser in

Committees

  • PrimaryHealth, Education, Labor, and Pensions Committee

CRS subjects

Employee benefits and pensionsFinancial services and investmentsSecurities

Action history

  1. July 23, 2025Introduced in Senate
  2. July 23, 2025Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  3. July 30, 2025Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
  4. September 11, 2025Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
  5. September 11, 2025Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
  6. September 11, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 158.
  7. October 9, 2025Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
  8. October 9, 2025Passed Senate with an amendment by Unanimous Consent. (consideration: CR S7103; text: CR S7103)
  9. October 16, 2025Message on Senate action sent to the House.
  10. October 17, 2025Received in the House.
  11. October 17, 2025Held at the desk.
  12. September 16, 2026Mr. Walberg moved to suspend the rules and pass the bill.
  13. September 16, 2026Considered under suspension of the rules. (consideration: CR H5905-5906)
  14. September 16, 2026DEBATE - The House proceeded with forty minutes of debate on S. 2403.
  15. September 16, 2026At 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.
  16. September 16, 2026Considered as unfinished business. (consideration: CR H5960)
  17. September 16, 2026Passed/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). (text: CR H5905)
  18. September 16, 2026On 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)
  19. September 16, 2026Motion to reconsider laid on the table Agreed to without objection.
  20. October 5, 2026Presented to President.
  21. October 5, 2026Presented to President.

Cosponsors (1)

Text versions

Related bills