S2403Passed Senate

Retire through Ownership Act

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Introduced
In Committee
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-07-23
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Roger Marshall
Roger Marshall
Republican · KS · Senator
Votes with party: 76.4% (884 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 →

Held at the desk.

2025-10-17

Source: Congress.gov

Committee Activity

Currently in

Previously

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
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Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.