Senator Roger Marshall, US Senator for Kansas | Official U.S. House headshot
Senator Roger Marshall, US Senator for Kansas | Official U.S. House headshot
The Senate Committee on Health, Education, Labor, and Pensions (HELP) has unanimously advanced the Retire through Ownership Act, a bipartisan bill aimed at supporting employee stock ownership plans (ESOPs). The legislation was introduced by U.S. Senator Roger Marshall, M.D. (R-Kansas).
The proposed law seeks to provide clearer legal and regulatory guidelines for establishing new ESOPs and reduce administrative requirements for existing ones. Supporters say these changes could make it easier for employees to gain ownership stakes in their companies and help more Americans prepare for retirement.
“Kansans are known for their work ethic, and they deserve a secure retirement following a lifetime of hard work,” said Senator Marshall. “Today, every Republican and Democrat member of the HELP Committee voted to advance my bipartisan legislation that will make it easier for Americans to save for the future and retire with confidence. I urge Congress to swiftly pass this legislation.”
The bill will now move forward in the legislative process as advocates call on Congress to consider its passage.
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