HR. 3248In Committee
American Ownership and Resilience Act
Establishes a Commerce investment facility to finance employee ownership conversions of private businesses through licensed ownership investment companies
Plain-English overview
What this bill does
Establishes a Commerce investment facility to finance employee ownership conversions of private businesses through licensed ownership investment companies
Key points
- Establish investment facility
- Establish Protégé OIC program
- Require independent ESOP fairness opinion
- Authorize licensed ownership investment companies
Current status
Where it stands
Status
In Committee
Latest action
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.
Related context
Topics and policy areas
undefinedFinance and Financial Sector