Legislative updates

Regulatory and Legislative

Proposal Allowing Penalty Free Distributions for Federal Contractors Introduced

Senator Catherine Cortez Masto (D-NV) has introduced S. 2964, the Emergency Relief for Federal Contractors Act of 2025. 

October 17 2025

Regulatory and Legislative

Senate Passes Two ESOP Proposals

The Senate passed by unanimous consent two proposals aimed at strengthening Employee Stock Ownership Plans. 

October 14 2025

Regulatory and Legislative

First-Time Home Buyer Distribution Increase Proposed

Senators Ruben Gallego (D-AZ) and Todd Young (R-IN) have introduced S. 2867, the Uplifting First-Time Homebuyers Act to help more people buy their first home. 

September 22 2025

Regulatory and Legislative

House Committee Advances Retirement Proposals

The House Education and Workforce Committee has advanced several retirement bills following a markup. 

September 18 2025

Regulatory and Legislative

Proposal Allowing Unclaimed Retirement Distribution Transfers to State Unclaimed Property Programs Introduced

Representatives Ron Estes (R-KS), and Seth Magaziner (D-RI), have introduced H.R. 5325, the Unclaimed Retirement Rescue Plan. 

September 16 2025

Regulatory and Legislative

ESOP Proposal Introduced in House

Representative Rick Allen (R-GA) has introduced the Retire through Ownership Act. 

September 09 2025

Regulatory and Legislative

ESOP Proposals Clear Senate HELP Committee

The Senate Health, Education, Labor and Pensions Committee unanimously advanced two bills to strengthen Employee Stock Ownership Plans.

August 04 2025

Regulatory and Legislative

Plan Adoption Tax Credits for Nonprofits Proposed

Representative Vern Buchanan (R-FL) and several co-sponsors have introduced H.R. 4548, the Small Nonprofit Retirement Security Act. 

August 04 2025

Regulatory and Legislative

Bill Promoting ESOP Expansion Reintroduced

Senators Steve Daines (R-MT) and Maggie Hassan (D-NH) have introduced S. 2461, the Promotion and Expansion of Private Employee Ownership Act. 

July 29 2025

Regulatory and Legislative

ESOP Legislation Introduced

Senator Bernie Sanders (I-VT) and several Democrat sponsors have introduced S. 2458, the Employee Ownership Financing Act. 

July 28 2025
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