Expressing the sense of the House of Representatives that the United States must act urgently to end the political and economic dominance of billionaire oligarchs, halt the corporate subsidies and tax advantages that fortify their power, and reinvest in the needs of the American people to defend democracy from authoritarianism.

Protection of Democracy and Individual Liberties: The resolution states that defunding oligarchs will defend American democracy and safeguard individual liberties. (Section 1)

Fairer Competition and Accountability: By preventing the President from rewarding corporations that engage in corruption, fail to compete fairly, or break labor and environmental laws, the government can ensure fairer market practices. (Section 2)

Increased Political Voice for Workers: Implementing publicly financed elections with small dollar contributions is intended to stop corporate spending from drowning out the voices and votes of working people. (Section 3)

National Security and Public Control: Ensuring that critical functions like artificial intelligence, cloud computing, and space exploration are controlled by public servants rather than oligarchs. (Section 4)

Reduction of Inequality and Increased Social Support: Increasing taxes on corporations and the ultra-wealthy to fund universal health care, affordable housing, debt-free education, and climate resilience aims to reduce economic inequality. (Section 5)

Support for Working People: Expanding unions is intended to ensure ordinary Americans benefit from economic growth and have a way to make collective demands on the political system. (Section 7)

Promotion of Diverse Ownership: Exploring noncorporate ownership, such as cooperatives and community ownership, can help displace corporate power. (Section 8)

Raising Standards of Living: Using public money to fund programs for affordable health care, housing, food, and education is intended to help people survive and thrive. (Section 9)

Impact on Government Contracts: The resolution calls for the President not to award lucrative contracts, loans, or grants to certain corporations, which could affect how those businesses operate. (Section 2)

Changes to Economic Structures: The call to break up monopolies in media, finance, and tech sectors could lead to significant changes in how those industries function. (Section 4)

Increased Tax Burdens on Wealthy and Corporations: The proposal to increase tax rates for corporations and the ultra-wealthy and enact a wealth tax would result in higher taxes for these groups. (Section 5)