RETIRE THROUGH OWNERSHIP ACT

On 2026-09-16, Representative Steve Womack (R-AR-3) delivered a floor speech titled "RETIRE THROUGH OWNERSHIP ACT" in the House.

RETIRE THROUGH OWNERSHIP ACT

Congressional Record, Volume 172 Issue 146 (Wednesday, September 16, 2026) [Congressional Record Volume 172, Number 146 (Wednesday, September 16, 2026)] [House] [Page H5960] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] RETIRE THROUGH OWNERSHIP ACT The SPEAKER pro tempore. Pursuant to clause 8 of rule XX, the unfinished business is the vote on the motion to suspend the rules and pass the bill (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, on which the yeas and nays were ordered. The Clerk read the title of the bill. The SPEAKER pro tempore. The question is on the motion offered by the gentleman from Michigan (Mr. Walberg) that the House suspend the rules and pass the bill. This is a 2-minute vote. The vote was taken by electronic device, and there were--yeas 401, nays 14, not voting 18, as follows: [Roll No. 314] YEAS--401 Adams Aderholt Aguilar Alford Allen Amo Amodei (NV) Ansari Arrington Auchincloss Babin Bacon Baird Balderson Balint Barr Barragan Barrett Baumgartner Bean (FL) Beatty Begich Bell Bentz Bera Bergman Beyer Bice Biggs (SC) Bilirakis Bishop Blair Bonamici Bost Boyle (PA) Bresnahan Brown Brownley Budzinski Burchett Burlison Bynum Calvert Cammack Carbajal Carey Carson Carter (GA) Carter (LA) Carter (TX) Case Casten Castro (TX) Chu Ciscomani Cisneros Clark (MA) Clarke (NY) Cleaver Cline Clyburn Cohen Cole Collins Comer Conaway Correa Costa Courtney Craig Crank Crawford Crenshaw Crockett Crow Cuellar Davids (KS) Davis (IL) Davis (NC) De La Cruz Dean (PA) DeGette DeLauro DelBene Deluzio DeSaulnier DesJarlais Dexter Diaz-Balart Dingell Doggett Donalds Downing Edwards Elfreth Ellzey Emmer Escobar Espaillat Estes Evans (CO) Evans (PA) Ezell Fallon Fedorchak Feenstra Fields Figures Finstad Fischbach Fitzgerald Fitzpatrick Fleischmann Fletcher Flood Fong Foster Foushee Foxx Frankel, Lois Franklin, Scott Friedman Frost Fry Fuller Garbarino Garcia (CA) Garcia (IL) Garcia (TX) Gillen Gimenez Golden (ME) Goldman (NY) Goldman (TX) Gomez Gonzalez, V. Gooden Goodlander Gosar Gottheimer Graves Gray Green, Al (TX) Griffith Grijalva Grothman Guest Guthrie Hageman Hamadeh (AZ) Harder (CA) Haridopolos Harris (NC) Harshbarger Hayes Hern (OK) Hill (AR) Himes Hinson Horsford Houchin Houlahan Hoyer Hoyle (OR) Hudson Huffman Huizenga Hunt Hurd (CO) Issa Ivey Jack Jackson (IL) Jackson (TX) Jacobs Jayapal Jeffries Johnson (GA) Johnson (LA) Johnson (SD) Johnson (TX) Jordan Joyce (OH) Joyce (PA) Kamlager-Dove Kaptur Kean Keating Kelly (IL) Kelly (MS) Kelly (PA) Kennedy (NY) Kennedy (UT) Khanna Kiggans (VA) Kiley (CA) Kim Knott Krishnamoorthi Kustoff LaHood LaLota Landsman Langworthy Larsen (WA) Larson (CT) Latimer Latta Lawler Lee (FL) Lee (NV) Lee (PA) Leger Fernandez Letlow Levin Liccardo Lieu Lofgren Loudermilk Lucas Luna Luttrell Lynch Mace Mackenzie Magaziner Malliotakis Maloy Mann Mannion Massie Mast Matsui McBath McBride McCaul McClain McClain Delaney McClellan McClintock McCollum McDonald Rivet McDowell McGarvey McGovern McGuire McIver Meeks Mejia Menefee Menendez Meng Messmer Meuser Mfume Miller (OH) Miller (WV) Miller-Meeks Min Moolenaar Moore (AL) Moore (NC) Moore (UT) Moore (WI) Moore (WV) Moran Morelle Morrison Moskowitz Moulton Mrvan Mullin Murphy Nadler Neal Neguse Nehls Newhouse Norcross Nunn (IA) Obernolte Ocasio-Cortez Ogles Olszewski Omar Onder Owens Pallone Palmer Panetta Pappas Patronis Pelosi Perez Perry Peters Pettersen Pfluger Pingree Pocan Pou Pressley Quigley Ramirez Randall Raskin Reschenthaler Riley (NY) Rivas Rogers (AL) Rogers (KY) Rose Ross Rouzer Ruiz Rulli Rutherford Ryan Salinas Sanchez Scalise Scanlon Schakowsky Schmidt Schneider Scholten Schrier Schweikert Scott (VA) Scott, Austin Sessions Sewell Sherman Shreve Simon Simpson Smith (MO) Smith (NE) Smith (NJ) Smucker Sorensen Soto Spartz Stansbury Stanton Stauber Stefanik Steil Steube Stevens Strickland Strong Stutzman Subramanyam Suozzi Sykes Takano Taylor Tenney Thanedar Thompson (CA) Thompson (MS) Thompson (PA) Timmons Titus Tlaib Tokuda Tonko Torres (CA) Torres (NY) Trahan Tran Turner (OH) Underwood Valadao Van Drew Van Duyne Van Epps Van Orden Vargas Vasquez Veasey Vindman Wagner Wahab Walberg Walkinshaw Wasserman Schultz Waters Watson Coleman Weber (TX) Westerman Whitesides Wied Williams (GA) Williams (TX) Wilson (FL) Wilson (SC) Wittman Yakym Zinke NAYS--14 Brecheen Cloud Clyde Crane Davidson Fine Fulcher Harris (MD) Higgins (LA) McCormick Miller (IL) Norman Roy Self NOT VOTING--18 Biggs (AZ) Boebert Buchanan Casar Castor (FL) Dunn (FL) Gallagher Garamendi Gill (TX) Harrigan James Mills Salazar Smith (WA) Tiffany Velazquez Webster (FL) Womack {time} 1905 So (two-thirds being in the affirmative) the rules were suspended and the bill was passed. The result of the vote was announced as above recorded. A motion to reconsider was laid on the table. personal explanation Mr. WOMACK. Mr. Speaker, I was unavoidably absent and unable to vote. Had I been present, I would have voted YEA on Roll Call No. 308, YEA on Roll Call No. 309, YEA on Roll Call No. 310, YEA on Roll Call No. 311, YEA on Roll Call No. 312, YEA on Roll Call No. 313, and YEA on Roll Call No. 314. ____________________

Referenced legislation: S2403, S2403