S 2403

Retire through Ownership Act

Passed Origin Chamber

Jurisdiction

US Congress

Session

119th Congress (2025-2026)

Last updated at

Jun 14, 2026, 8:44 AM

Official source

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Introduced
Passed Senate
Passed House
To President
Became Law

Bill overview

This bill, the Retire through Ownership Act, amends the Employee Retirement Income Security Act (ERISA) to clarify how stock in closely held companies is valued within employee stock ownership plans (ESOPs). Specifically, it provides guidance for fiduciaries determining the fair market value of these stocks, referencing a specific IRS Revenue Ruling. The aim is to provide more consistent and reliable valuations for these types of investments, reducing potential legal challenges.

Positions across the state

No public positions recorded for this legislation.

CIVIK

LEGISLATION TRACKER

S 2403Passed Origin Chamber

Retire through Ownership Act

Jurisdiction: US

Public Sentiment

No Data

0

Support

0

Oppose

CIVIKEngagement, Reclaimed.

civik.us/legislation/cmnmiwjyy0oa9jr0h2nyj8nms|Jun 14, 2026

CIVIK

LEGISLATION TRACKER

S 2403Passed Origin Chamber

Retire through Ownership Act

Jurisdiction: US

Public Sentiment

No Data

0

Support

0

Oppose

CIVIKEngagement, Reclaimed.

civik.us/legislation/cmnmiwjyy0oa9jr0h2nyj8nms|Jun 14, 2026

Arguments in favor

Reasons to support this legislation.

No arguments in favor have been submitted.

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Arguments opposed

Reasons to oppose this legislation.

No arguments opposed have been submitted.

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Chronological record of actions on this bill from official records.

2025-10-17House

Received in the House.

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

10/9/2025SenateUnanimous consent
Passed Senate with an amendment by Unanimous Consent.
No roll-call vote on record for this action.
10/9/2025Unanimous consent
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

10/9/2025SenateUnanimous consent
Passed Senate with an amendment by Unanimous Consent.
No roll-call vote on record for this action.
10/9/2025Unanimous consent
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
No roll-call vote on record for this action.

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S 2403

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Bill overview

Sponsors

Primary sponsor

Cosponsor

Positions across the state

Arguments in favor

Arguments opposed

Legislative history

Passage without roll call

Floor votes and chamber actions

Passage without roll call

Bill text

Positions across the state

Legislative history

Passage without roll call

Floor votes and chamber actions

Passage without roll call