Retire through Ownership Act

This bill is about Employee Stock Ownership Plans (ESOPs), which are retirement plans where workers earn shares of their company's stock instead of or in addition to other retirement benefits, and can cash those shares out when they leave or retire. The bill says that when a company's stock isn't traded on a public market, the person managing the plan can rely on a value set by an independent appraiser. The appraiser must follow specific IRS guidelines that lay out how to figure out what the stock of a privately held company is worth.

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