S. 1645In Committee
American Ownership and Resilience Act
Establishes a Commerce Department investment facility to finance sales of private businesses to employee stock ownership plans and eligible worker owned cooperatives
Plain-English overview
What this bill does
Establishes a Commerce Department investment facility to finance sales of private businesses to employee stock ownership plans and eligible worker owned cooperatives
Key points
- Establish investment facility
- Require independent ESOP fairness opinion
- Authorize licensed ownership investment companies
- Limit third party debt
Current status
Where it stands
Status
In Committee
Latest action
2025-05-07 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedFinance and Financial Sector