Employee Ownership Fairness Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (20 Jul 2026): Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
What this bill does
H.R. 9792, the Employee Ownership Fairness Act of 2026, would change how certain contribution and benefit limits under federal retirement law apply to employee stock ownership plans (ESOPs). It amends both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code so that employer stock contributions and loan-repayment contributions used to acquire company stock within an ESOP are not counted toward the usual annual contribution and deduction limits (under Internal Revenue Code sections 404 and 415). It also directs that these limits be applied separately to an ESOP and to any other defined contribution plan, such as a 401(k), sponsored by the same employer, and excludes stock forfeitures reallocated within an ESOP from counting as "annual additions" under those limits.
The bill would primarily affect employees who participate in both an ESOP and a separate retirement savings plan offered by the same employer. Under current law, growth in ESOP stock value can push a worker's combined retirement contributions over annual cap, sometimes forcing employers to reduce or deny matching contributions elsewhere. The bill is intended to let such employees keep saving fully in their other retirement plan even as their ESOP balance grows.
The bill was introduced on July 20, 2026, by Rep. Scott Perry and referred to the House Committees on Ways and Means and Education and Workforce. It has not yet been voted on, and would need committee action and passage by both chambers before taking effect for plan years beginning after enactment.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
20 Jul 2026
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Common questions
- What does H.R. 9792 do?
- H.R. 9792, the Employee Ownership Fairness Act of 2026, would change how certain contribution and benefit limits under federal retirement law apply to employee stock ownership plans (ESOPs). It amends both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code so that employer stock contributions and loan-repayment contributions used to acquire company stock within an ESOP are not counted toward the usual annual contribution and deduction limits (under Internal Revenue Code sections 404 and 415). It also directs that these limits be applied separately to an ESOP and to any other defined contribution plan, such as a 401(k), sponsored by the same employer, and excludes stock forfeitures reallocated within an ESOP from counting as "annual additions" under those limits. The bill would primarily affect employees who participate in both an ESOP and a separate retirement savings plan offered by the same employer. Under current law, growth in ESOP stock value can push a worker's combined retirement contributions over annual cap, sometimes forcing employers to reduce or deny matching contributions elsewhere. The bill is intended to let such employees keep saving fully in their other retirement plan even as their ESOP balance grows. The bill was introduced on July 20, 2026, by Rep. Scott Perry and referred to the House Committees on Ways and Means and Education and Workforce. It has not yet been voted on, and would need committee action and passage by both chambers before taking effect for plan years beginning after enactment.
- Has H.R. 9792 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9792. Check the latest action and official source below.
- Who sponsored H.R. 9792?
- H.R. 9792 was sponsored by Rep. Perry, Scott [R-PA-10] (R-PA), with 0 cosponsors.
- What's the latest action on H.R. 9792?
- Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (20 Jul 2026).
Related bills in Labor and Employment
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More bills from Rep. Perry, Scott [R-PA-10]
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No Discounts for Foreigners Act
NO FEES Act of 2026
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