# 119-hr-3248: American Ownership and Resilience Act 119-hr-3248, American Ownership and Resilience Act, is a 119th Congress bill sponsored by Rep. Moore, Blake D. [R-UT-1] (R-UT); status introduced; PRIA reads it as touching household money (as of 2026-09-21). - Canonical: https://policyrisk.com/legislation/119-hr-3248 - As of: 2026-09-21 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-hr-3248 - Congress: 119 - Title: American Ownership and Resilience Act - Status: introduced - Introduced: 2025-05-07 - Sponsor: Rep. Moore, Blake D. [R-UT-1] (R-UT) - Cosponsors: 12 - Policy area: Finance and Financial Sector - Touches household money: yes - Last recorded action: 2026-09-21 ## Summary **Creates a federally guaranteed Ownership Leverage Facility to finance sales and investments that make workers majority owners via employee stock ownership plans and eligible worker cooperatives.** It backs debentures and trust certificates so funds and lenders can provide debt-like financing that supports worker control. - Workers: Employees gain clearer financing paths to majority ownership through employee stock ownership plans (ESOPs) and eligible worker-owned cooperatives, with required safeguards like independent trustees and fairness opinions. - Small business sellers and founders: Owners get a way to sell to worker-controlled buyers using Department-guaranteed leverage while rules limit employee self-financing and enforce fiduciary protections during transactions. - Ownership Investment Companies and applicants: Licensed entities face organizational and capital rules, including a minimum private capital requirement of $10.0 million and access to an annual federal leverage pool capped at $5.0 billion. The program also creates a Protege mentoring track and detailed reporting, examination, and enforcement authorities. ## Cosponsors (12) - Rep. Trahan, Lori [D-MA-3] (D-MA), 2025-05-07T00:00:00.000Z - Rep. Johnson, Dusty [R-SD-At Large] (R-SD), 2025-05-07T00:00:00.000Z - Rep. Foster, Bill [D-IL-11] (D-IL), 2025-05-07T00:00:00.000Z - Rep. Baumgartner, Michael [R-WA-5] (R-WA), 2025-05-15T00:00:00.000Z - Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-05-15T00:00:00.000Z - Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-06-04T00:00:00.000Z - Rep. Craig, Angie [D-MN-2] (D-MN), 2025-06-04T00:00:00.000Z - Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-10-10T00:00:00.000Z - Rep. Case, Ed [D-HI-1] (D-HI), 2026-04-14T00:00:00.000Z - Rep. McBride, Sarah [D-DE-At Large] (D-DE), 2026-05-13T00:00:00.000Z - Rep. Mackenzie, Ryan [R-PA-7] (R-PA), 2026-06-23T00:00:00.000Z - Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2026-06-23T00:00:00.000Z ## Provisions PRIA read - Stronger safeguards for employee ownership: benefit, medium. If enacted, this would add protections when a company is sold to employees. An independent trustee would be required before an ESOP deal, with a fairness opinion on price and terms. Workers could direct votes on their allocated shares, and trustees would mirror those directions for unallocated shar… - Annual cap on program lending: cost, high. The program’s lending would be capped at $5 billion each year. No more than 20% of that amount—up to $1 billion—could go to Protege funds. This cap could limit how much financing reaches eligible businesses in high‑demand years. - New financing rules for worker-owned deals: mixed, medium. This would set how ownership investment companies can fund worker‑owned transactions. They could use loans, preferred stock, equity, or a mix. They could require you to refinance old debt with them and to get approval before taking new debt. Loans could run up to 20 years, with up to 10 more years… - Licensing start dates and program sunset: mixed, medium. The Department would need to start taking license applications within 540 days and approve the first licenses within two years. Twenty years after the first approval, the Department would stop issuing new licenses, but existing funds could still draw previously committed financing. To qualify, a fu… - Looser SEC rules and limited U.S. liability: mixed, medium. The SEC could exempt some fund securities from certain registration rules when it protects investors. Senior securities that the Department guarantees would not face some Investment Company Act limits. At the same time, the bill says the United States would not be liable for a fund’s debts or promi… - Tougher oversight and penalties for licensees: mixed, medium. The Secretary would get strong oversight tools over licensed funds. Exams would occur at least every two years, and the Department could bill the fund for exam costs. The Secretary would set conflict‑of‑interest and public‑disclosure rules. For serious violations, the Secretary could suspend manage… - Ethics disclosures and yearly outcome reports: mixed, low. Managers would have to tell the Department who they paid to speed applications and how much. Before receiving help, they would have to agree not to hire certain former Department staff for two years after assistance. The Secretary would need to report to Congress within one year and then yearly on… ## Related bills - 119-hr-4206: CONNECT for Health Act of 2025 - 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025 - 119-hr-909: Crime Victims Fund Stabilization Act of 2025 - 119-hr-1262: Mikaela Naylon Give Kids a Chance Act - 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act - 119-hr-1422: Enhanced Iran Sanctions Act of 2025 ## Sources - [119-hr-3248 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3248) ## Related - [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206) - [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514) - [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909) - [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262) - [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842) - [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-hr-3248 (as of 2026-09-21).