Latest action: Placed on the Union Calendar, Calendar No. 383.
Bill is filed in its originating chamber and assigned a number.
Sponsor
Rick Allen (R-GA)
Filed in the House.
Next: In Committee
Members of the committee(s) the bill was referred to
Bill allows workers to use retirement savings to buy ownership stakes in their employers.
The problem
Many workers lack opportunities to build wealth through business ownership. Current retirement rules limit how savings can be invested or used for ownership opportunities.
The proposal
Changes rules so workers can use retirement account funds to purchase equity or ownership shares in their company. Expands options for converting retirement savings into business ownership.
The impact
Affects workers with retirement accounts and small business employees. Could change how people save for retirement and build personal wealth through company ownership.
Allows employees to accumulate wealth by owning part of their company. Could help workers benefit from company success beyond just salary.
Workers with ownership stakes may feel more invested in company success. Could improve employee engagement and loyalty.
Gives workers another option for using retirement savings productively. Expands choices beyond traditional retirement investments.
May help small businesses access funding from employees for growth. Could improve financing options for smaller companies.
Workers lose diversification if retirement funds concentrate in one employer's stock. Could leave retirees vulnerable if company fails.
Creates new complicated rules for managing retirement funds and ownership shares. May require extensive enforcement and compliance infrastructure.
Only helps workers at companies willing to offer ownership plans. Could increase wealth gaps between employees at different firms.
May create unexpected tax consequences for workers and employers. Could complicate tax filing and create compliance burdens.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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