Bill · H.R. 3248· House(119-HR-3248)
American Ownership and Resilience Act
- Introduced
- 5/7/2025
- Last activity
- 5/7/2025 — 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.
- Sponsored by
- Blake Moore
- Cosponsors
- - 4 - 8
- Introduced
- In Committee
What this bill would do
The American Ownership and Resilience Act aims to establish a domestic ownership succession investment facility. This facility provides leverage to licensed ownership investment companies to encourage investments in covered business concerns. The program supports transitions of ownership to employee stock ownership plans or eligible worker-owned cooperatives. The Secretary of Commerce is tasked with overseeing the establishment of these companies and the implementation of the facility. The Act includes specific requirements for independent trustees, financial advisors, and reporting standards. It also contains a sunset provision to terminate the Secretary's licensing authority after a set period.
Yes· 3 of 12
Does this make it easier to run a small business?+5
The facility provides leverage and capital to help independent businesses transition to employee ownership.
Is this likely to grow the economy?+4
By facilitating business ownership transitions, the act aims to bolster economic resilience and domestic ownership.
Would business owners be better off under this?+4
The bill provides a structured pathway for owners to sell their businesses to employees.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Facilitation of Employee Ownership: The bill provides capital to finance the sale of ownership interests to employee stock ownership plans or worker-s cooperatives, which can help businesses transition to employee-held structures (Section 2, paragraph 6).
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Protection of Employee Interests: For transactions involving employee stock ownership plans, the bill requires the appointment of an independent trustee to evaluate the deal (Section 3, subsection d, paragraph 1).
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Ensuring Financial Fairness: The requirement for an independent financial advisor to provide a fairness opinion ensures that the price and terms of a transaction are financially fair to the employee stock ownership plan (Section 3, subsection d, paragraph 2).
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Protecting Employee Share Counts: The act includes a provision to ensure that the number of shares held by an employee stock ownership plan does not decrease during the period the ownership investment company holds an interest, unless waived by a trustee (Section 3, subsection g, paragraph 1).
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Support for Emerging Companies: Through the "Protege OIC Program," the bill allows for a mentorship structure where established managers can assist newer, smaller investment companies (Section 5, subsection a).
Potential Negative Impacts for People
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Restrictions on Employee Financing: An employee of a covered business concern is prohibited from providing personal financing for a covered investment, which includes through wage concessions or retirement plan rollovers (Section 3, subsection e, paragraph 1, subparagraph A).
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Limitations on Management Rights: The act includes requirements that can impact how participants in an employee stock ownership plan exercise voting rights, specifically regarding the direction of voting for stock sales (Section 3, subsection j, paragraph 1, subparagraph B, clause i).
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Regulatory Oversight of Management: The Secretary has the authority to remove or suspend management officials for violations of the act or for breaches of fiduciary duty involving personal dishonesty (Section 17, subsection b).
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Potential Financial Penalties for Reporting Failures: Licensees that fail to file required reports may be forced to pay civil penalties of up to $100 for each day the report is missing (Section 19, subsection a, paragraph 1).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+4Increases Job Creation+3
- Demographic And Interest Groups
- Good For Business Owners+4Good For Middle Class Households+3Good For Union Workers+2Good For Low Income Households+1
- Social Issues And Justice
- Improves Gender Equality+2Improves Poverty Reduction+2Improves Racial Equity+2
- Governance And Ideology
- Increases Federal Power+3Improves Government Transparency+2
- 6/23/2026
- 2 Cosponsors added.
- 5/13/2026
- 1 Cosponsor added.
- 4/14/2026
- 1 Cosponsor added.
- 10/10/2025
- 1 Cosponsor added.
- 6/4/2025
- 2 Cosponsors added.
- 5/15/2025
- 2 Cosponsors added.
- 5/7/2025
- 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.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BaumgartnerRepublican · Washington
Janelle BynumDemocrat · Oregon
Ed CaseDemocrat · Hawaii
Angie CraigDemocrat · Minnesota
Bill FosterDemocrat · Illinois
Brian FitzpatrickRepublican · Pennsylvania
Chrissy HoulahanDemocrat · Pennsylvania
Dusty JohnsonRepublican · South Dakota
Ryan MackenzieRepublican · Pennsylvania
Sarah McBrideDemocrat · Delaware
Lori TrahanDemocrat · Massachusetts
Eugene VindmanDemocrat · Virginia