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 and receive the cash value of those shares when they leave or retire. The bill says that the person managing an ESOP can trust a valuation from an independent expert or appraiser when figuring out how much the plan's assets are worth, as long as those assets aren't traded on a public market. The expert or appraiser must follow specific rules set by the IRS for determining the value of stock in privately held companies.

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