Retire through Ownership Act

This bill deals with retirement plans called Employee Stock Ownership Plans (ESOPs), where workers receive shares of their employer's company as part of their pay and can cash them out when they leave or retire. When a company's stock is not publicly traded, someone has to figure out what it's worth, and this bill says the person managing the plan can rely on a value determined by an independent expert or appraiser. The expert must follow specific rules set by the IRS for how to properly estimate the value of stock in privately held companies.

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