The bill would help employees and worker cooperatives buy businesses. The Department of Commerce would back loans for licensed investment companies that fund those deals. The bill adds worker protections, borrowing caps, reports, and a 20-year limit on new licenses.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
American Ownership and Resilience Act is a House bill in committee. The latest recorded action: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest action on H.R. 3248: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who this affects: This bill mainly affects workers who may become owners through an ESOP or worker-owned cooperative. It also affects business owners who want to sell, investment firms that want to finance these deals, and the Department of Commerce, which would run the program. Taxpayers could be affected if federally guaranteed debt leads to losses.
Why this matters: Many workers cannot buy the company they work for because they lack cash or borrowing power. This bill would try to solve that by using federal loan guarantees to pull private money into employee ownership deals. It could help keep businesses operating when owners retire or sell. It could also expose taxpayers to losses if the backed investments fail.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Officially: American Ownership and Resilience Act
The bill would help employees and worker cooperatives buy businesses. The Department of Commerce would back loans for licensed investment companies that fund those deals. The bill adds worker protections, borrowing caps, reports, and a 20-year limit on new licenses.
Use this page to support, oppose, or ask Congress to amend H.R.3248. Modern Action explains American Ownership and Resilience Act in plain English, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Financial Services
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
Where this bill is in the process
Introduced
Introduced in House
House Committee
Under House committee consideration
Latest: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (5/7/2025)
House Floor Vote
Voted on by House
Passed House
Approved by House
Senate Review
Sent to Senate for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your House representative when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to American Ownership and Resilience Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it would do, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around H.R.3248, your stance, and the reasons you choose, then lets you edit and send when ready.
