S. 2403Retire through Ownership Act

What the bill would do

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.

Summary by the Congressional Research Service. Last updated Sep 11, 2026.

• BillFull text · congress.gov(opens in a new tab)
• Roll callclerk.house.gov vote #314(opens in a new tab)