INVEST Act
- Bill Number
- S. 4798
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 2
- Policy Area
- Government Operations and Politics
- Status
- Introduced
- Latest Action
- 2026-06-16: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Last Updated
- 2026-07-08T21:27:51Z
AI-Generated Summary
Purpose The legislation requires federal agencies to sell off their ownership interests in private, for-profit companies and direct the proceeds toward reducing the national debt.
Key Provisions
- Each federal agency must identify all its covered equity investments in privately owned companies.
- Covered investments include common or preferred stock, partnership or membership interests, warrants or options, “golden shares” that provide special governance rights, and contractual rights to force public offerings or spin-offs.
- Agencies must liquidate these investments no later than eight years after the bill’s enactment or, for later-acquired stakes, within eight years of acquisition.
- All proceeds from the sales must be transferred to the Treasury specifically to pay down the national debt.
Significant Changes to Existing Law The bill introduces a new, mandatory timeline and process for disposing of federal equity holdings in private companies, an obligation that does not currently exist in statute.
Potential Impacts
- Government agencies holding such investments would be required to conduct sales and transfer funds, altering their current asset management practices.
- Private companies with federal ownership stakes could experience changes in ownership structure and governance.
- Proceeds would reduce the national debt, potentially affecting future federal borrowing and interest costs.
- No direct effects on international relations are specified in the bill.
Main Stakeholders Affected
- Federal agencies that currently hold equity investments.
- Private companies in which the federal government owns equity.
- The Department of the Treasury, which receives the liquidation proceeds.
- Congress, through its oversight role.
Notable Legal, Constitutional, or Political Implications The measure establishes a uniform federal policy limiting long-term government ownership in private firms, which could raise questions about the scope of executive branch authority over asset disposal and the separation of powers in managing public resources.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Recent Actions
- 2026-06-16: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 2026-06-16: Introduced in Senate
Bill Versions
- Investing in National Values, Economy, Strategy, and Tomorrow Act — issued 2026-06-16 — PDF (3 pages)