Pipeline · Bill → Law
Step 1
Introduced
Jul 23, 2025
Step 2
Referred
Jul 23, 2025
HELP
Step 3
Committee
Jul 30, 2025
Reported out
Step 4
Senate
Oct 9, 2025
Passed Senate w/ Changes
Step 5
House floor
Sep 16, 2026
Passed House
Step 6
Resolve Changes
Step 7
Signed
Oct 15, 2026
SummaryCRS Summary
This bill allows the fiduciary of an Employee Stock Ownership Plan (ESOP) to rely on a valuation provided by an independent valuation expert or business appraiser in determining the fair market value of the plan's securities if the securities are not traded on a national securities exchange (i.e., not publicly traded) and the expert or appraiser follows specified methodologies. In general, ESOPs are defined contribution pension plans where employees accrue shares of their employers' stock in individual accounts as part of their compensation. After separating from employment or retiring, employees receive the cash value of their shares. Under the bill, an independent expert or appraiser mus...
AmendmentAI
Roll Call Votes · 1
Timeline · 23 actions
Oct 15, 2026
Became Public Law No: 119-124.
Oct 15, 2026
Signed by President.
Oct 5, 2026
Presented to President.
Sep 16, 2026
Motion to reconsider laid on the table Agreed to without objection.
Sep 16, 2026
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 14 (Roll no. 314). (text: CR H5905)ROLL CALLPassed
Sep 16, 2026
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 14 (Roll no. 314).
Sep 16, 2026
Considered as unfinished business. (consideration: CR H5960)
Sep 16, 2026
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Sep 16, 2026
DEBATE - The House proceeded with forty minutes of debate on S. 2403.
Sep 16, 2026
Considered under suspension of the rules. (consideration: CR H5905-5906)
Sep 16, 2026
Mr. Walberg moved to suspend the rules and pass the bill.
Sep 16, 2026
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 14 (Roll no. 314). (text: CR H5905)ROLL CALLPassed
Oct 17, 2025
Received in the House.
Oct 17, 2025
Held at the desk.
Oct 16, 2025
Message on Senate action sent to the House.
Oct 9, 2025
Passed Senate with an amendment by Unanimous Consent.
Oct 9, 2025
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S7103; text: CR S7103)
Oct 9, 2025
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Sep 11, 2025
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Sep 11, 2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 158.
Jul 30, 2025
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 23, 2025
Introduced in Senate
Jul 23, 2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.