S. 2403 · 119th Congress · 2025–2026
Retire through Ownership Act
S. 2403 in the 119th Congress (2025–2026) has sent to the president — introduced on Jul 23, 2025, sponsored by Roger Marshall with 1 co-sponsors. Congress held 1 roll call vote on it.
During the 119th Congress (2025–2026), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Sent to the President
- Introduced
- Jul 23, 2025
- Co-sponsors
- 1
- Policy area
- Labor and Employment
- Groups that lobbied
- 2
What it does
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 a…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Roger Marshall (R-KS). Co-sponsors: 1 Democrat.
Where it stands
- IntroducedJul 23, 2025
- Passed the SenateOct 9, 2025
- Passed the HouseSep 16, 2026
- Sent to the PresidentOct 5, 2026
- Became law—
Latest action: Presented to President. (Oct 5, 2026)
How Congress voted
- On Motion to Suspend the Rules and Pass
House · Sep 16, 2026 · Passed401–14
Every roll call vote on this bill
- Retire through Ownership ActHouse · Sep 16, 2026
More bills from Roger Marshall in the 119th Congress
- S. 222: Whole Milk for Healthy Kids Act of 2025
- S. 1816: Improving Seniors’ Timely Access to Care Act of 2025
- S. 4628: A bill to direct the Secretary of Agriculture to establish an initiative to address the…
- S. 4964: Protecting Innocent Taxpayers from Endless Assessments Act
- S. 5030: TRUTH in Coverage Act of 2026
- S. 5156: Retirement Simplification and Clarity Act
- S. 5228: STOP the SWAMP Act
- S. 5672: Patients First Act of 2026
Other Labor and Employment bills in the 119th Congress
- H.R. 20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- S. 500: CAREER Act of 2025
- H.R. 989: To codify Executive Order 11246 titled "Equal Employment Opportunity".
- H.R. 1055: CONSTRUCTS Act of 2025
- H.R. 1156: Pandemic Unemployment Fraud Enforcement Act
- H.R. 1319: Modern Worker Empowerment Act
- H.R. 1895: Delphi Retirees Pension Restoration Act
- S. 1950: Susan Muffley Act of 2025
- H.R. 2262: Flexibility for Workers Education Act
- H.R. 2270: Empowering Employer Child and Elder Care Solutions Act
Who lobbied on it
2 organizations named this bill in lobbying reports (Jul 2025 – Sep 2026). Biggest spenders among them:
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 2403 (119th Congress): Retire through Ownership Act,” https://www.capitolreceipts.com/bill/119-s-2403/retire-through-ownership-act (accessed 2026-10-15).