3.0.0 1645 2026-05-05T20:36:24Z 2026-05-05T20:36:24Z Senate S S 2025-05-07 119 https://www.congress.gov/bill/119th-congress/senate-bill/1645 ssfi00 Finance Committee Senate Standing Referred To 2025-05-07T20:51:04Z American Ownership and Resilience Act 119 3248 HR 2025-05-07 Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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. Identical bill CRS 2025-05-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2025-05-07 Introduced in Senate IntroReferral 10000 9 Library of Congress V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD N M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2025-05-07 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2025-05-07 True Y000064 Sen. Young, Todd [R-IN] Todd Young R IN 2025-05-07 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2025-05-07 True S001227 Sen. Schmitt, Eric [R-MO] Eric Schmitt R MO S. 2025-05-07 True W000800 Sen. Welch, Peter [D-VT] Peter Welch D VT 2025-05-07 True Finance and Financial Sector Finance and Financial Sector 2025-05-30T12:03:43Z 00 2025-05-07 Introduced in Senate 2026-05-05T20:36:03Z American Ownership and Resilience Act

This bill creates an investment facility to support the conversion of private businesses into employee-owned businesses.

Specifically, the Department of Commerce must establish an investment facility that provides leverage to ownership investment companies (OICs) licensed by Commerce. 

Under the bill, OICs

  • manage capital for the purpose of financing the sale of a private business to an employee stock ownership plan (ESOP) or eligible worker-owned cooperative, 
  • have the authority to borrow money and issue securities or other obligations to finance the sale, and
  • have the full faith and credit of the United States to guarantee the payment of all such amounts.

In a sale to an ESOP, an independent trustee must be appointed to obtain a fairness opinion on the investment from an independent financial advisor.

New OICs may be mentored by other OICs through the Protégé OIC program established by the bill.

The bill also establishes private capital requirements, third-party debt limitations, and enforcement provisions.

]]> American Ownership and Resilience Act Display Title 45 American Ownership and Resilience Act 2025-05-29T01:08:20Z Short Title(s) as Introduced 101 American Ownership and Resilience Act 2025-05-29T01:08:18Z Introduced in Senate IS Official Title as Introduced 6 A bill to establish a domestic ownership investment facility, and for other purposes. 2025-05-29T01:03:18Z Introduced in Senate IS Introduced in Senate 2025-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119s1645is/xml/BILLS-119s1645is.xml 2025-05-07 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.