[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-5169":4},null,{"bill":5,"indexable":196,"summaries":197,"cosponsors":203,"cosponsorSlugs":227,"actions":232,"amendments":286,"amendmentSponsorSlugs":287,"linkages":288,"sponsorSlug":289},{"statusDate":6,"sponsor":7,"cboCostEstimates":16,"originChamber":17,"congress":18,"isByRequest":19,"title":20,"createdAt":21,"cosponsorCount":22,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":23,"actionCount":24,"popularTitle":3,"laws":3,"billType":25,"introducedDate":26,"congressGovUrl":27,"constitutionalAuthority":28,"policyArea":29,"deletedAt":3,"latestAction":30,"billNumber":32,"cosponsorCountIncludingWithdrawn":22,"status":33,"keyMilestoneCount":34,"subjects":35,"policyAreaLower":39,"updateDate":40,"committeeReports":41,"shortTitle":20,"officialTitle":45,"committees":46,"committeeCodes":62,"updatedAt":63,"searchTokens":64},"2026-01-14",{"firstName":8,"lastName":9,"district":10,"fullName":11,"middleName":12,"state":13,"party":14,"bioguideId":15},"Rick","Allen","12","Rep. Allen, Rick W. [R-GA-12]","W.","GA","R","A000372",[],"House",119,false,"Retire through Ownership Act","2026-05-13T22:11:45.937Z",4,0,8,"hr","2025-09-08","https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F5169","\u003Cpre>\n[Congressional Record Volume 171, Number 146 (Monday, September 8, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. ALLEN:\nH.R. 5169.\nCongress has the power to enact this legislation pursuant\nto the following:\nclause 18 of section 8 of article 1 of the Constitution\n[Page H3892]\n\u003C\u002Fpre>","Labor and Employment",{"date":6,"text":31},"Placed on the Union Calendar, Calendar No. 383.",5169,"reported",2,[36,37,38],"Employee benefits and pensions","Financial services and investments","Securities","labor and employment","2026-06-11T05:06:25Z",[42],{"citation":43,"url":44},"H. Rept. 119-448","https:\u002F\u002Fwww.congress.gov\u002Fcongressional-report\u002F119th-congress\u002Fhouse-report\u002F448","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.",[47],{"name":48,"systemCode":49,"chamber":17,"activities":50,"subcommittees":60,"type":61},"Education and Workforce Committee","hsed00",[51,54,57],{"name":52,"date":53},"Referred To","2025-09-08T16:00:10Z",{"name":55,"date":56},"Markup By","2025-09-17T19:40:46Z",{"name":58,"date":59},"Reported By","2026-01-14T17:14:15Z",[],"Standing",[49],"2026-06-11T05:45:36.052Z",[65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,164,165,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,10],"retire","re","ret","reti","retir","through","th","thr","thro","throu","throug","ownership","ow","own","owne","owner","owners","ownersh","ownershi","act","to","amend","am","ame","amen","the","employee","em","emp","empl","emplo","employ","employe","retirement","retirem","retireme","retiremen","income","in","inc","inco","incom","security","se","sec","secu","secur","securi","securit","of","1974","19","197","provide","pr","pro","prov","provi","provid","clear","cl","cle","clea","definition","de","def","defi","defin","defini","definit","definiti","definitio","adequate","ad","ade","adeq","adequ","adequa","adequat","consideration","co","con","cons","consi","consid","conside","consider","considera","considerat","considerati","consideratio","for","certain","ce","cer","cert","certa","certai","closely","clo","clos","close","closel","held","he","hel","stock","st","sto","stoc","and","other","ot","oth","othe","purposes","pu","pur","purp","purpo","purpos","purpose","rep","allen","al","all","alle","rick","ri","ric","ga",true,[198],{"versionCode":199,"actionDate":26,"actionDesc":200,"text":201,"updateDate":202},"00","Introduced in House","\u003Cp>\u003Cstrong>Retire through Ownership Act\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill allows the fiduciary of an Employee Stock Ownership Plan (ESOP) to rely on a valuation provided by an independent valuation 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. \u003C\u002Fp>\u003Cp>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.\u003C\u002Fp>\u003Cp>Under the bill, an independent appraiser or expert must adhere to the methodology established under the Internal Revenue Service Ruling 59-60, which prescribes the factors a professional business appraiser should consider in forming a valuation of the stock for a closely held business. \u003C\u002Fp>","2025-12-15T18:07:23Z",[204,210,215,221],{"bioguideId":205,"fullName":206,"party":207,"state":13,"district":208,"sponsorshipDate":209,"isOriginalCosponsor":19,"withdrawn":19,"sponsorshipWithdrawnDate":3},"M001208","Rep. McBath, Lucy [D-GA-6]","D","6","2025-10-10",{"bioguideId":211,"fullName":212,"party":14,"state":213,"district":214,"sponsorshipDate":209,"isOriginalCosponsor":19,"withdrawn":19,"sponsorshipWithdrawnDate":3},"B001322","Rep. 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