S. 4798

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4798 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 4798

To require that Federal Government equity stakes in private companies 
be liquidated to pay down the debt, and for other purposes.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

June 16, 2026

Mr. Husted introduced the following bill; which was read twice and 
referred to the Committee on Homeland Security and Governmental Affairs

_______________________________________________________________________

A BILL

To require that Federal Government equity stakes in private companies 
be liquidated to pay down the debt, and for other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Investing in National Values, 
Economy, Strategy, and Tomorrow Act'' or the ``INVEST Act''.

SEC. 2. LIQUIDATION REQUIREMENT.

(a) Identification.--Each Federal agency shall identify each 
covered equity investment described in subsection (b) held by the 
Federal agency in any privately owned, for-profit company.
(b) Covered Equity Investment Described.--A covered equity 
investment described in this subsection includes the following:
(1) Shares of common or preferred stock.
(2) Economic, partnership, or membership interests.
(3) Warrants, options, or other rights to acquire any such 
interest, whether or not currently exercisable.
(4) Any ``golden share'' special class of stock, or other 
instrument that confers board seats, veto rights, or other 
enhanced governance rights.
(5) Any contractual right to require an initial public 
offering, spin-off, or similar transaction for the purpose of 
acquiring an ownership interest.
(c) Liquidation Required.--
(1) In general.--Not later than 8 years after the date of 
enactment of this Act, each Federal agency shall liquidate the 
covered equity investments identified by the Federal agency 
under subsection (a).
(2) Covered equity investments later acquired.--With 
respect to a covered equity investment acquired after the date 
of enactment of this Act, a Federal agency shall liquidate the 
covered equity investment not later than 8 years after the date 
of acquisition of the covered equity investment.
(d) Use of Funds.--The head of each Federal agency liquidating a 
covered equity investment pursuant to subsection (c) shall transmit all 
amounts from such liquidation to the Treasury, to be used to pay down 
the national debt.
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