S2403Passed Senate
Retire through Ownership Act
Introduced
In Committee
Passed One Chamber
4
Passed Both5
Signed into Law119th
Congress
2025-07-23
Introduced
1
Cosponsors
S
ⓘType
Sponsor
Roger Marshall
Republican · KS · Senator
Votes with party: 75.5% (852 recorded votes)
Top industries funding sponsor:
- Conservative Groups$1,092k
Full profile: /officials/M001198
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
1 cosponsor on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- Senate Committee on Health, Education, Labor, and PensionsReported By · 2025-09-11
Previously
- Senate Committee on Health, Education, Labor, and PensionsMarkup By · 2025-07-30
- Senate Committee on Health, Education, Labor, and PensionsReferred To · 2025-07-23
Plain-English Summary
The legislation would allow workers to set aside money in special retirement accounts tied to ownership stakes in their employers' businesses, giving employees a way to build retirement savings while gaining a financial interest in their company's success. This would primarily benefit workers at small and medium-sized businesses who want to save for retirement while potentially sharing in company profits. The bill has passed the Senate and is currently awaiting action in the House.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Labor and Employment
Full bill text is not yet cached locally.
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