U.S. Congress legislation · 119th Congress
SR929: A resolution expressing the sense of the Senate regarding equity stakes held by the Federal Government in private companies.
Status: In committee, September 30, 2026
What the bill says
From the introduced text, September 30, 2026:
III 119th CONGRESS 2d Session S. RES. 929 IN THE SENATE OF THE UNITED STATES September 30, 2026 Ms. Rosen submitted the following resolution; which was referred to the Committee on Homeland Security and Governmental Affairs RESOLUTION Expressing the sense of the Senate regarding equity stakes held by the Federal Government in private companies. Whereas, since January 2025, Federal agencies have announced the acquisition of equity or equity-like interests in private companies through more than 35 transactions, representing more than $27,000,000,000 in taxpayer funds; Whereas, in August 2025, 1789 Capital, a venture capital firm in which the son of President Trump is a partner, invested in Vulcan Elements, a rare earth magnet manufacturer, and, months later, the Department of Defense announced a conditional commitment to lend $620,000,000 to the company and the Federal Government agreed to take a $50,000,000 equity stake in the company; Whereas, in January 2026, the Department of Commerce announced a tentative agreement to provide up to $1,600,000,000 in funding and loans to USA Rare Earth and to acquire approximately a 10 percent stake in the company, and, on the same day, USA Rare Earth announced a $1,500,000,000 private offering of the stock of the company, for which the lead placement agent was Cantor Fitzgerald, a firm formerly led by the Secretary of Commerce and now led …
Sponsors
- Rosen, Jacky (D) · primary sponsor
Latest actions
- : Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S5265)
- : Submitted in Senate
Subjects: Government Operations and Politics
Common questions
- What is SR929?
- SR929 is a bill in Congress (119th Congress): A resolution expressing the sense of the Senate regarding equity stakes held by the Federal Government in private companies.
- What is the status of SR929?
- In committee as of September 30, 2026. Latest action: Referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S5265) (September 30, 2026).
- Who sponsored SR929?
- Rosen, Jacky (D).
- Where is the official record for SR929?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-re/929
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.