American Ownership and Resilience Act

Hozzl · 2025-06-05T08:06:04Z

Explore the details of House Bill 3248 American Ownership and Resilience Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

6/5/2025, 8:06 AM

Summary of Bill HR 3248

The bill "To establish a domestic ownership succession investment facility, and for other purposes" was introduced in the 119th Congress on May 7, 2025.

Congressional Summary of HR 3248

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.

Read the Full Bill

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Current Status of Bill HR 3248

Bill HR 3248 is currently in the status of Bill Introduced since May 7, 2025. Bill HR 3248 was introduced during Congress 119 and was introduced to the House on May 7, 2025. Bill HR 3248's most recent activity was 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. as of May 7, 2025

Bipartisan Support of Bill HR 3248

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3248

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 3248

To establish a domestic ownership succession investment facility, and for other purposes.

Comments

Darren Briggs

1,132

1 year ago

I heard about this new bill that's supposed to help with something about businesses and stuff. I'm not really sure what it's all about, but I'm not too sure if it's a good idea. How will this bill affect me in the long run?