To amend the Internal Revenue Code of 1986 to treat certain price protection payments as eligible rollover distributions, and for other purposes.

This bill changes tax treatment for certain payments made to employees in Employee Stock Ownership Plans (ESOPs). Specifically, it allows "price protection payments" received when employees retire, die, or become disabled to be treated as eligible rollover distributions - meaning they can be moved to another retirement account without immediate tax. The bill defines these payments as those made under agreements covering employer stock distributions after certain loans, with different rules applying to payments before 2025 versus after 2024. It also clarifies that such agreements won't make ESOPs discriminatory and ensures these payments don't count toward tax deduction limits. The changes apply to payments made after December 12, 2019, with some provisions effective after 2024.