Retire Through Ownership Act

The Retire through Ownership Act (Public Law 119–124) amends ERISA § 3(18) so that an ESOP fiduciary may rely in good faith on a valuation by an independent valuation expert or business appraiser that follows the principles and methodologies of IRS Revenue Ruling 59–60 when determining fair market value. It does not change fiduciary obligations under section 404, and it applies to determinations made on or after enactment (October 15, 2026).

1. Signed 2026-10-15

   “Approved October 15, 2026 .”

   Official source ↗

• President signs Retire Through Ownership Act, amending ERISA section 3(18) to let ESOP fiduciaries rely on independent valuations2026-10-29