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The Retire Through Ownership Act amends ERISA to provide fiduciary protection for those relying on independent valuations of privately held stock in employee stock ownership plans. This legislative change addresses long-standing uncertainty around adequate consideration determinations and establishes a framework based on IRS Revenue Ruling 59-60 methodologies. The new law aims to reduce litigation risk while maintaining fiduciary obligations under ERISA's prudence and loyalty standards.

The National Labor Relations Board's Division of Advice has reversed course on noncompete agreements, departing from the Biden administration's 2023 position that such agreements may violate the National Labor Relations Act. In a June 2026 advice memorandum, the NLRB concluded that noncompete agreements do not generally impact employees' Section 7 rights, recommending dismissal of charges filed by former employees who joined a competitor.