American Ownership and Resilience Act

Hozzl · 2025-06-03T19:50:37Z

Explore the details of Senate Bill 1645 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.

6/3/2025, 7:50 PM

Summary of Bill S 1645

This bill, designated as S. 1645 in the 119th Congress, aims to establish a domestic ownership investment facility and includes provisions for other purposes. Introduced on May 7, 2025, the bill's specific directives and actions are not detailed in the provided context.

Congressional Summary of S 1645

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 S 1645

Bill S 1645 is currently in the status of Bill Introduced since May 7, 2025. Bill S 1645 was introduced during Congress 119 and was introduced to the Senate on May 7, 2025. Bill S 1645's most recent activity was Read twice and referred to the Committee on Finance. as of May 7, 2025