Bill Detail
H.R. 5169
Congress: 119
Title
Retire through Ownership Act
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 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.
Sponsor
Rep. Rick Allen [R-GA-12]
Status
Placed on the Union Calendar, Calendar No. 383.
Status as of Sep 30, 6:58 PM · synced 1d ago
Introduced
2025-09-08
Data source mode: congress-gov
Bill Engagement
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 ap…
Lobbyists on the case
- Chamber of Commerce of the U.S.A.2 filings · 36 lobs
- Michael Billet2025 Q4
- Neil Bradley2025 Q4
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