Senator Marshall’s Bill to Strengthen Employee Ownership in America Unanimously Passes Committee

Washington – On Wednesday, U.S. Senator Roger Marshall, M.D. (R-Kansas), released the following statement after the Senate Committee on Health, Education, Labor, and Pensions (HELP) unanimously voted to advance the bipartisan Retire through Ownership Act. This bill provides legal and regulatory clarity, making the formation of new employee stock ownership plans (ESOPs) easier and operating current ESOPs less burdensome.

“Kansans are known for their work ethic, and they deserve a secure retirement following a lifetime of hard work,” said Senator Marshall. “Today, every Republican and Democrat member of the HELP Committee voted to advance my bipartisan legislation that will make it easier for Americans to save for the future and retire with confidence. I urge Congress to swiftly pass this legislation.”

Read the full bill text here.

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Contact: Payton Fuller