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American Ownership and Resilience Act

S. 1645 Sen. Chris Van Hollen (D-MD) In committee
Bill text PDF
  1. Introduced May 7
  2. Committee May 7
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 7, 2025Next: Senate vote
539d ago May 7, 2025: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 6 filings
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Summary

American Ownership and Resilience Act

Full summary9 paragraphs

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.

Library of Congress summary, May 7, 2025

Summary versions
  • Introduced in SenateMay 7, 2025

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.