INVEST Act
Selling Government Ownership in Private Companies
The INVEST Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Homeland Security and Governmental Affairs for review. The bill is actively moving as it waits for the committee to decide on its next steps.
Legislative Progress
While reducing the national debt is a popular goal, this bill is currently just a proposal in a committee and lacks the broad support needed to move forward quickly.
Key Points
- This bill requires federal agencies to find and sell any ownership they have in private businesses. This includes regular stocks, partnership interests, and rights to buy shares in the future.
- Agencies would have eight years to finish selling their current investments. If the government gets new shares in a company later on, it must also sell those within eight years of getting them.
- All money from these sales must be sent to the Treasury Department. The law requires this money to be used specifically to pay down the national debt.
- The plan aims to limit government influence over private businesses. It would end the government's ability to hold special shares that give them power over a company's board of directors or major business decisions.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
INVEST Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.