S4798Referred to Committee

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

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-16
Introduced
0
Cosponsors
S
ⓘ
Type

Sponsor

Jon Husted
Jon Husted
Republican · OH · Senator
Votes with party: 74.8% (836 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$35,115k

Full profile: /officials/H001104

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

2026-06-16

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The federal government would be required to sell off any ownership stakes it holds in private companies and use the money from those sales to reduce the national debt. This would affect various federal agencies that currently own shares in businesses, potentially changing how the government manages its investments in the private sector. The bill aims to convert government equity holdings into cash to help pay down federal borrowing.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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