CONGRESSMAN ALLEN'S RETIRE THROUGH OWNERSHIP ACT HEADED TO PRESIDENT TRUMP'S DESK

Washington, Dec. 2 -- Congressman Rick W. Allen issued the following press release:

Yesterday, the U.S. House of Representatives passed S. 2403, the Retire through Ownership Act. Congressman Rick W. Allen (GA-12) introduced the House version of this bill last year, which would provide legal and regulatory clarity in the formation of new Employee Stock Ownership Plans (ESOPs). Following House passage of S. 2403 by a vote of 401-14, Congressman Allen issued the statement below:

"One of the many lessons I learned over my decades-long career as a small business owner is that true success is measured by the success of your employees. ESOPs are a valuable tool to build wealth for retirement and give employees an ownership stake in their employe...