3.0.0
5169
2025-12-15T18:09:10Z
2025-12-15T18:09:10Z
House
H
HR
2025-09-08
119
https://www.congress.gov/bill/119th-congress/house-bill/5169
[Congressional Record Volume 171, Number 146 (Monday, September 8, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ALLEN:H.R. 5169.Congress has the power to enact this legislation pursuantto the following:clause 18 of section 8 of article 1 of the Constitution[Page H3892]
- hsed00
Education and Workforce Committee
House
Standing
  - Markup By
2025-09-17T19:40:46Z
  - Referred To
2025-09-08T16:00:10Z

- Retire through Ownership Act
119
2403
S
2025-10-17
Held at the desk.
14:23:18
  - Related bill
CRS
- 2025-09-17
  - hsed00
Education and Workforce Committee
1
House committee actions
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 0.
Committee
- 2025-09-17
  - hsed00
Education and Workforce Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2025-09-08
Referred to the House Committee on Education and Workforce.
IntroReferral
H11100
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2025-09-08
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2025-09-08
Introduced in House
IntroReferral
1000
9
Library of Congress
- A000372
Rep. Allen, Rick W. [R-GA-12]
Rick
Allen
R
GA
W.
12
N
- E000246
Rep. Edwards, Chuck [R-NC-11]
Chuck
Edwards
R
NC
11
2025-09-16
False
- M001233
Rep. Messmer, Mark B. [R-IN-8]
Mark
Messmer
R
IN
B.
8
2025-09-18
False
- M001208
Rep. McBath, Lucy [D-GA-6]
Lucy
McBath
D
GA
6
2025-10-10
False
- B001322
Rep. Baumgartner, Michael [R-WA-5]
Michael
Baumgartner
R
WA
5
2025-10-10
False
Labor and Employment
- Employee benefits and pensions
2025-09-15T15:59:50Z
- Financial services and investments
2025-09-15T15:59:50Z
- Securities
2025-09-15T15:59:50Z
Labor and Employment
2025-09-23T17:35:18Z
00
2025-09-08
Introduced in House
2025-12-15T18:07:23Z
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 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 are defined contribution pension plans where employees accrue shares of their employers' stock in individual accounts as part of their compensation. After separating from employment or retiring, employees receive the cash value of their shares.
Under the bill, an independent appraiser or expert must adhere to the methodology established under the Internal Revenue Service Ruling 59-60, which prescribes the factors a professional business appraiser should consider in forming a valuation of the stock for a closely held business.

Retire through Ownership Act
- Display Title
45

Retire through Ownership Act
2025-09-11T04:53:22Z
- Short Title(s) as Introduced
101

Retire through Ownership Act
2025-09-11T04:53:21Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Employee Retirement Income Security Act of 1974 to provide a clear definition of adequate consideration for certain closely held stock, and for other purposes.
2025-09-11T04:48:33Z
Introduced in House
IH
- Introduced in House
2025-09-08T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119hr5169ih/xml/BILLS-119hr5169ih.xml
2025-09-17
Ordered to be Reported (Amended) by the Yeas and Nays: 35 - 0.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.