Roger Marshall

Senate · Republican · Kansas · since Jan 2021

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‹ Oct 5 – Oct 11 ›

Monday, Oct 5

Their bill moved

S. 2403 · Retire through Ownership Act

Presented to President.

What it would change

Retire through Ownership Act

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 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. 

Summary by the Congressional Research Service

Votes and bills from the official record; every item links to its source.

Bills they cosponsored · 326

S.Res. 945 · A resolution designating November 7, 2026, as "National Bison Day".

Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S5299; text: CR S5272) · Sep 30, 2026

S.Res. 946 · A resolution designating September 30, 2026, as "National Veterans Suicide Prevention Day".

Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S5299; text: CR S5272-5273) · Sep 30, 2026

S.Res. 923 · A resolution expressing support for the designation of October 4 through October 10, 2026, as "National 4-H Week".

Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S5186; text: CR S5176) · Sep 29, 2026

S.Res. 913 · A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.

Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S5064-5065; text: CR S5074-5075) · Sep 28, 2026

S.Res. 897 · A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.

Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S4958; text: CR S4951-4952) · Sep 23, 2026

Committees

  • Senate Committee on Agriculture, Nutrition, and Forestry Member
  • Conservation, Forestry, Natural Resources, and Biotechnology Chair
  • Food and Nutrition, Specialty Crops, Organics, and Research Member
  • Senate Committee on Finance Member
  • Energy, Natural Resources, and Infrastructure Member
  • Health Care Member
  • International Trade, Customs, and Global Competitiveness Member
  • Senate Committee on Health, Education, Labor, and Pensions Member
  • Employment and Workplace Safety Member
  • Primary Health and Retirement Security Chair
  • Senate Committee on the Budget Member

Bills and committee seats from the official record.