House bill · 119th Congress · Latest step: Committee action
Retire through Ownership Act
Official title: To amend the Employee Retirement Income Security Act of 1974 to provide a clear definition of adequate consideration for certain closely held stock, and for other purposes.
Sponsor: Rep. Rick Allen R-GAWhere it went
- IntroducedSep 8, 2025
- Committee actionSep 17, 2025
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Jan 14, 2026 — Placed on the Union Calendar, Calendar No. 383.
Cost and committee reports
Official records Congress.gov attaches to H.R. 5169.
- Committee reportCongress.gov lists 1 committee report for this bill: H. Rept. 119-448 ↗. The Congress.gov committee record lists a “Reported By” entry for the Education and Workforce Committee on January 14, 2026.Source: Congress.gov, reported January 14, 2026 ↗
Evidence
- Field in the Congress.gov record
- committeeReports
- Report API records
- https://api.congress.gov/v3/committee-report/119/HRPT/448
- Congress.gov bill record
- H.R. 5169, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/5169
- Record last updated by Congress.gov
- June 11, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
38240f5f7b93c5ea2877b9c60ea41e30cb0b8c69e98458a54dfdcc22ebf3cc93
A committee report is the committee’s own explanation of the bill. PORKER lists it and links to it; reading it is up to you.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. ALLEN, as printed in the Congressional Record (Vol. 171, No. 146, September 8, 2025, Page H3892):clause 18 of section 8 of article 1 of the ConstitutionSource: Congress.gov, Congressional Record September 8, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 55 characters
- Congress.gov bill record
- H.R. 5169, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/5169
- Record last updated by Congress.gov
- June 11, 2026
- PORKER copy retrieved
- September 13, 2026
- Stored copy, SHA-256 of the file
38240f5f7b93c5ea2877b9c60ea41e30cb0b8c69e98458a54dfdcc22ebf3cc93
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate (as of June 11, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 5169, last updated June 11, 2026. PORKER’s copy was retrieved September 13, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
4 cosponsors — 3 Republicans, 1 Democrat
1 of 4 cosponsors (25%) are from the other party.
Michael Baumgartner (R-WA), Chuck Edwards (R-NC), Lucy McBath (D-GA), Mark Messmer (R-IN).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Rick Allen.
- H.R. 2988 (119th) Protecting Prudent Investment of Retirement Savings Act
- H.R. 4626 (119th) Home Appliance Protection and Affordability Act
- H.R. 4122 (119th) Health Care for Energy Workers Act of 2025
- H.R. 4214 (119th) Clean Air and Building Infrastructure Improvement Act
- H.R. 7895 (119th) PBM Kickback Prohibition Act
- H.R. 5509 (119th) Safe Step Act
Related bills
- S. 2403 (119th) Retire through Ownership ActRelated bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.