Retire through Ownership Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2403 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2403 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. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 23, 2025 Mr. Marshall (for himself and Mr. Kaine) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Retire through Ownership Act''. SEC. 2. AMENDING ADEQUATE CONSIDERATION DEFINITION. (a) In General.--Section 3(18) of the Employee Retirement Income Security…