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Labor and Employment, U.S. Congress

Swipe Bills

Senate Bill

Should Congress let ESOP managers rely on an independent appraiser's value of private company stock?

Retire through Ownership Act (S. 2403)

AI SummaryWritten with AI from the official CRS summary and checked against it by a second AI pass. The official record always prevails. How we use AI.

People in employee-owned companies would see their plan managers allowed to rely on an independent appraiser's value for company stock that isn't publicly traded.

  • Lets an Employee Stock Ownership Plan (ESOP) fiduciary rely on an independent expert's valuation to set fair market value
  • Applies only to securities not traded on a national securities exchange
  • Requires the appraiser to follow the methodology in Ruling 59-60

Labor and Employment Bills

40 bills

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