American Ownership and Resilience Act

This bill requires the Department of Commerce to set up a program that helps private businesses become owned by their employees. It creates special investment companies that can borrow money, backed by the U.S. government, to help finance the sale of private businesses to employee ownership plans or worker-owned cooperatives. The bill also sets up a mentoring program for new investment companies, requires independent reviews to make sure sales are fair, and includes rules about how much private money is needed and how much debt these companies can take on.

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