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Employee Ownership Fairness: Enhanced Retirement Savings for Worker-Owners

This act aims to make it easier for employees who are also partial owners of their company through special retirement plans (ESOPs) to accumulate more retirement savings. The changes will allow them to fully utilize traditional retirement plans without exceeding limits due to the growth in value of their company shares. This will help employees better secure their financial future.
Key points
Allows employee-owners to contribute more to traditional retirement plans, regardless of the growth in value of their company shares.
Separates contribution limits for ESOPs from other retirement plans, providing greater flexibility in saving.
Increases opportunities for diversification of retirement savings for employees participating in ESOPs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1727
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2025-05-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Employee Ownership Fairness Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1727.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-13.

What are the main provisions?

Key points include:

  • Allows employee-owners to contribute more to traditional retirement plans, regardless of the growth in value of their company shares.
  • Separates contribution limits for ESOPs from other retirement plans, providing greater flexibility in saving.
  • Increases opportunities for diversification of retirement savings for employees participating in ESOPs.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Labor Taxes Economy