American Ownership and Resilience Act

The American Ownership and Resilience Act establishes a new framework for "ownership investment companies" that provide capital to support employee stock ownership plans (ESOPs) and worker-owned cooperatives. The bill creates a licensing system requiring ownership investment companies to meet capital requirements, use independent financial advisors and trustees for transactions, and maintain employee ownership interests. It establishes a facility to provide leverage to these companies with specific limits ($5 billion total annual limit, $100 million per Protégé OIC), and requires detailed reporting on the impact of these investments. The act aims to facilitate and protect employee ownership structures while ensuring transparency and accountability through strict regulatory requirements.