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 and issue financial products to help pay for the sale of a business to its workers, with the U.S. government backing those payments. When a business is sold to an employee ownership plan, an independent expert must be brought in to make sure the deal is fair. The bill also sets up a mentoring program for new investment companies and includes rules about how much private money is needed and how much debt can be taken on.

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