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S.Res. 929

ResolutionFederalSenateIn Committee
A resolution expressing the sense of the Senate regarding equity stakes held by the Federal Government in private companies.
About This Bill
Committee
Latest Action · September 30, 2026
Referred to the Committee on Homeland Security and Governmental Affairs.
Introduced
September 30, 2026
Cosponsors (0)
None
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Summary

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This Senate resolution expresses concern about the Federal Government's recent acquisition of equity stakes in private companies and calls for ethics safeguards around those investments. Since January 2025, federal agencies have announced over 35 transactions investing more than $27 billion in taxpayer funds to acquire ownership interests in private companies. The resolution raises specific concerns about potential conflicts of interest, citing examples where companies receiving federal investments had connections to families of Trump administration officials, including a rare earth magnet manufacturer that received $620 million in loans and a $50 million equity stake after Trump's son's investment firm backed the company. The resolution expresses the Senate's view that the President, Vice President, Cabinet members, Congress members, and their families should be prohibited from profiting from federal equity transactions or from selling equity stakes that the government later divests. This is a nonbinding resolution expressing the Senate's position rather than creating enforceable law.

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