Press Release: Rick Allen's ESOP Legislation Signed Into Law by Trump
Investivoq CongressRadar
Rick Allen says Trump signed his bill clarifying ESOP rules to support employee ownership and retirement security.
Investivoq AI Summary
Law signed: President Trump has signed S. 2403, the “Retire through Ownership Act,” into law. The bill was introduced in the House by Rep. Rick Allen and is described as providing legal and regulatory clarity for new Employee Stock Ownership Plans, or ESOPs.
Bill’s purpose: The release says the law is meant to give ESOP trustees a clearer standard for valuing private company stock, based on independent appraisals that follow IRS guidelines. It says the change is intended to reduce uncertainty for businesses and employee owners.
Supporters’ comments: Allen said ESOPs can help employees build retirement savings and share in company success. The ESOP Association’s president, James Bonham, said the law could improve retirement security, preserve jobs, and make ESOP transitions clearer for business owners.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
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Rick W. Allen Fundraising
Rick W. Allen recently disclosed $213.4K of fundraising in a Q3 FEC disclosure filed on October 11th, 2026. This was the 19th most from all Q3 reports we have seen this year. 47.9% came from individual donors.
Allen disclosed $90.7K of spending. This was the 86th most from all Q3 reports we have seen from politicians so far this year.
Allen disclosed $1.4M of cash on hand at the end of the filing period. This was the 21st most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Rick W. Allen's fundraising on Investivoq.
Rick W. Allen Net Worth
Investivoq estimates that Rick W. Allen is worth $24.2M, as of October 16th, 2026. This is the 54th highest net worth in Congress, per our live estimates.
Allen has approximately $6.3M invested in publicly traded assets which Investivoq is able to track live.
You can track Rick W. Allen's net worth on Investivoq's politician page for Allen.
Rick W. Allen Bill Proposals
Here are some bills which have recently been proposed by Rick W. Allen:
- H.R.9798: Employer Health Plan Flexibility Act
- H.R.7895: PBM Kickback Prohibition Act
- H.R.7195: Timber Harvesters, Haulers, and Landowners Market Disruptions Relief Act
- H.R.6122: BARN Act
- H.R.5509: Safe Step Act
- H.R.5169: Retire through Ownership Act
You can track bills proposed by Rick W. Allen on Investivoq's politician page for Allen.
2026 Georgia's 12th Congressional District Election
There has been approximately $1,451,498 of spending in Georgia's 12th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 Georgia's 12th congressional district election.
