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HR 3248 119th Congress House Finance and Financial Sector

American Ownership and Resilience Act

Introduced: June 4, 2025 Introduced by: Moore, Blake D. Republican · Utah See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 2025
Introduced in House
May 7, 2025
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.
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 Plain-English summary Congressional Research Service

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.

What's happening now May 7, 2025

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.

 Hearings & markups 1
 Related & companion bills 1
  • S 1645 Identical bill American Ownership and Resilience Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 12
All 12 Democratic 8 Republican 4
D
Bynum, Janelle S.
Oregon · Jun 23, 2026
 R
Mackenzie, Ryan
Pennsylvania · Jun 23, 2026
 D
McBride, Sarah
Delaware · May 13, 2026
 D
Case, Ed
Hawaii · Apr 14, 2026
 D
Vindman, Eugene Simon
Virginia · Oct 10, 2025
 D
Craig, Angie
Minnesota · Jun 4, 2025
 R
Fitzpatrick, Brian K.
Pennsylvania · Jun 4, 2025
 R
Baumgartner, Michael
Washington · May 15, 2025
 D
Houlahan, Chrissy
Pennsylvania · May 15, 2025
 D
Foster, Bill
Illinois · May 7, 2025
 R
Johnson, Dusty
South Dakota · May 7, 2025
 D
Trahan, Lori
Massachusetts · May 7, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3248: American Ownership and Resilience Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-3248/
MLA
"H.R. 3248: American Ownership and Resilience Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-3248/.
Bluebook (legal)
H.R. 3248, 119th Cong. (2026), https://openamerica.io/bill/119-HR-3248/.
Markdown link
[H.R. 3248: American Ownership and Resilience Act](https://openamerica.io/bill/119-HR-3248/)
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