S. 4798 — Introduced in Senate

II 119th CONGRESS 2d Session S. 4798 IN THE SENATE OF THE UNITED STATES June 16, 2026Mr. 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. 1. Short title This Act may be cited as the Investing in National Values, Economy, Strategy, and Tomorrow Act or the INVEST Act. 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.