United States 119th Congress Status: In Committee Bipartisan · 5 D · 4 R cosponsors

S 1645 — American Ownership and Resilience Act

Last action — Read twice and referred to the Committee on Finance.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced May 07, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 42% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 9 sponsors

    1 primary, 8 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (5 D · 4 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

American Ownership and Resilience ActThis 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, OICsmanage 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, andhave 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.

Bill Text

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 8 co-sponsors · 538 not signed on

Sponsors (1)

Co-sponsors (8)

Not signed on (538)

538 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 1645 do?
American Ownership and Resilience ActThis 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, OICsmanage 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, andhave 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.
Who sponsors S 1645?
S 1645 is sponsored by Van Hollen, Chris (Democratic), Moran, Jerry (Republican), Baldwin, Tammy (Democratic), Young, Todd (Republican), Shaheen, Jeanne (Democratic), Schmitt, Eric (Republican), Welch, Peter (Democratic), Blackburn, Marsha (Republican), and Kaine, Tim (Democratic).
What is the current status of S 1645?
This bill is in committee in the Senate. Introduced May 07, 2025. It must pass committee before a floor vote.
Where can I track S 1645?
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Last checked for changes 4 months ago · updated continuously

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