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<bill bill-stage="Introduced-in-Senate" dms-id="A1" public-private="public" slc-id="S1-LIP26820-3V3-75-P0F"><metadata xmlns:dc="http://purl.org/dc/elements/1.1/">
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<dc:title>119 S4798 IS: Investing in National Values, Economy, Strategy, and Tomorrow Act</dc:title>
<dc:publisher>U.S. Senate</dc:publisher>
<dc:date>2026-06-16</dc:date>
<dc:format>text/xml</dc:format>
<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
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<distribution-code display="yes">II</distribution-code><congress>119th CONGRESS</congress><session>2d Session</session><legis-num>S. 4798</legis-num><current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber><action><action-date date="20260616">June 16, 2026</action-date><action-desc><sponsor name-id="S438">Mr. Husted</sponsor> introduced the following bill; which was read twice and referred to the <committee-name committee-id="SSGA00">Committee on Homeland Security and Governmental Affairs</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title>To require that Federal Government equity stakes in private companies be liquidated to pay down the debt, and for other purposes.</official-title></form><legis-body><section id="S1" section-type="section-one"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act may be cited as the <quote><short-title>Investing in National Values, Economy, Strategy, and Tomorrow Act</short-title></quote> or the <quote><short-title>INVEST Act</short-title></quote>.</text></section><section id="id83e037391950473bac5e2ccbf0034519"><enum>2.</enum><header>Liquidation requirement</header><subsection id="ide6e8f3d421384c958a64265d8c6c28ae"> <enum>(a)</enum> <header>Identification</header> <text>Each Federal agency shall identify each covered equity investment described in subsection (b) held by the Federal agency in any privately owned, for-profit company.</text>
 </subsection><subsection id="idafc68e5e32574864b99a1bf57946a289"><enum>(b)</enum><header>Covered equity investment described</header><text>A covered equity investment described in this subsection includes the following:</text><paragraph id="idebe27449de2543818adc647acf592c75"><enum>(1)</enum><text>Shares of common or preferred stock.</text></paragraph><paragraph id="idd168c105948c42ca9f39b2b409a674f4"><enum>(2)</enum><text>Economic, partnership, or membership interests.</text></paragraph><paragraph id="id34fb193665bc4831932651e8479ba3f5"> <enum>(3)</enum> <text>Warrants, options, or other rights to acquire any such interest, whether or not currently exercisable.</text>
 </paragraph><paragraph id="idf218029731b1413f8e6b9ff3d05fb9d5"><enum>(4)</enum><text>Any <quote>golden share</quote> special class of stock, or other instrument that confers board seats, veto rights, or other enhanced governance rights.</text></paragraph><paragraph id="idc7690d9c62084d3d803e0bdef4b037b1"><enum>(5)</enum><text>Any contractual right to require an initial public offering, spin-off, or similar transaction for the purpose of acquiring an ownership interest.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id437267a6e44a43e09b40db8995f6d191"><enum>(c)</enum><header>Liquidation required</header><paragraph commented="no" display-inline="no-display-inline" id="idc1c3f94e546749c2bd946063be27c4b8"><enum>(1)</enum><header>In general</header><text display-inline="yes-display-inline">Not later than 8 years after the date of enactment of this Act, each Federal agency shall liquidate the covered equity investments identified by the Federal agency under subsection (a).</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id592abb3436d347e4917d65ee250510e1"> <enum>(2)</enum> <header>Covered equity investments later acquired</header> <text>With respect to a covered equity investment acquired after the date of enactment of this Act, a Federal agency shall liquidate the covered equity investment not later than 8 years after the date of acquisition of the covered equity investment.</text>
 </paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id1fb9cebab29c431b8eaf9ed17b373240"><enum>(d)</enum><header>Use of funds</header><text display-inline="yes-display-inline">The head of each Federal agency liquidating a covered equity investment pursuant to subsection (c) shall transmit all amounts from such liquidation to the Treasury, to be used to pay down the national debt.</text></subsection></section></legis-body></bill> 

