What does Preamble of Retire through Ownership Act do?

This bill aims to amend the Employee Retirement Income Security Act of 1974 The amendment provides a clear definition of adequate consideration for certain closely held stock The bill has additional purposes beyond the definition of adequate consideration

What does SHORT TITLE. of Retire through Ownership Act do?

This Act is formally titled the 'Retire through Ownership Act'.

What does AMENDING ADEQUATE CONSIDERATION DEFINITION. of Retire through Ownership Act do?

This section amends the definition of adequate consideration in the Employee Retirement Income Security Act of 1974. The amendment allows fiduciaries of employee stock ownership plans to rely on valuations from independent experts. The amendment applies to determinations made on or after the date of enactment.

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Retire through Ownership Act

Last updated: 1/14/2026 · Introduced: 9/8/2025

Author: Rick Allen (R-GA)

TL;DR (AI)

The Retire through Ownership Act amends the Employee Retirement Income Security Act of 1974 to clarify the definition of adequate consideration for closely held stock.
This bill permits fiduciaries of employee stock ownership plans to utilize independent expert valuations when determining adequate consideration.
The changes introduced by this Act apply to determinations made on or after the date of enactment.

119th Congressin committeeS. 2403(Passed Senate)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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