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S 1645 119th Congress

American Ownership and Resilience Act

A bill to establish a domestic ownership investment facility, and for other purposes.

Official Title as Introduced Congress.gov

Introduced May 7, 2025 Latest action May 7, 2025 Sponsor: Sen. Van Hollen, Chris [D-MD] Finance and Financial Sector
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Source: Congress.govUpdated 2026-09-17 14:09:12 UTC.

Source-linked procedural record

Bill journey

4 dated records

This is a chronology, not a progress score. Politically.com does not classify stages or infer what comes next. Records sharing a date are grouped because not every source field supplies a time.

Congress.gov Recently refreshed U.S. Senate XML Recently refreshed
Introduction 1 One supplied introduction date.
Official actions 2 2 dated action records.
Committees 1 1 undated relationship.
Amendments 0 No record is cached.
Text versions 1 1 dated, 0 without a supplied date.
House roll calls 0 No exact legislation-key match in the House-vote cache.
Senate roll calls 0 No exact document-key match in the Senate-vote cache.
Related measures 1 1 undated relationship.
Linked law 0 No linked law record is cached; this does not predict outcome.

  1. Official action Congress.gov

    Read twice and referred to the Committee on Finance.

    IntroReferral · Senate

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    Official action Congress.gov

    Introduced in Senate

    IntroReferral · Library of Congress · Code 10000

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    Text version Congress.gov

    Introduced in Senate

    A dated text-version record is available.

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View the complete bill journey as an accessible table
Every dated cached record linked to S 1645. Same-date row order does not assert procedural sequence.
Date and timeRecordOfficial detailSource
IntroductionIntroduced Introduced in the Senate. Congress.gov
Official actionRead twice and referred to the Committee on Finance. No additional detail supplied.IntroReferral · Senate Congress.gov
Official actionIntroduced in Senate No additional detail supplied.IntroReferral · Library of Congress · Code 10000 Congress.gov
Text versionIntroduced in Senate A dated text-version record is available. Congress.gov

House roll calls join only on matching Congress, legislation type, and number. Senate roll calls join only on matching source-supplied document type and number, not question text. Committee and related-measure relationships have no date in their relationship records and therefore are counted above but never placed on the chronology.

Congressional Research Service

CRS summary

Introduced in Senate May 7, 2025

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.

Official documents

Text versions