Lets managers of employee stock ownership plans (ESOPs) trust expert valuations for company stock.
This bill helps managers of employee stock ownership plans (ESOPs) value company stock. It lets them trust independent experts' valuations if the experts follow specific IRS rules. This should make valuing these retirement plans less risky.
Today, the law defines "adequate consideration" for company stock in employee stock ownership plans but doesn't clearly state that plan managers can rely on independent expert valuations using specific IRS methods. If this bill becomes law, managers of employee stock ownership plans would be explicitly allowed to rely in good faith on valuations from independent experts, as long as those experts follow the principles of IRS Revenue Ruling 59-60.
S 2403 · 119th Congress · July 23, 2025 · AI Summary by gemini-2.5-flash · 8/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.