Employee Ownership Fairness Act of 2026
To amend the Employee Retirement Income Security Act of 1974 to permit employee stock ownership plan participants to benefit from the full amount of beneficial ownership that can be accrued in the plan while also fully realizing the benefits of saving for retirement in a defined contribution plan.
This bill aims to change the Employee Retirement Income Security Act of 1974 (ERISA). It wants to allow people in employee stock ownership plans (ESOPs) to fully benefit from their ownership in the company while also saving for retirement through a defined contribution plan. This could mean more financial benefits for employees who are part of ESOPs.
The bill would mainly affect workers who participate in ESOPs. If passed, these workers could gain more from their company stock and their retirement savings. This could lead to better financial security for employees, especially those who own stock through their workplace.
HB9792 was introduced on July 20, 2026, and was sent to the Committee on Ways and Means and the Committee on Education and Workforce for further review. The bill is still in the early stages of the legislative process.
