It forces sale of federal equity stakes in private companies and directs proceeds to reduce the national debt.
Requires each federal agency to identify covered equity investments it holds in privately owned, for‑profit companies.
Defines covered equity investments to include stock, partnership or membership interests, warrants/options, golden shares or governance rights, and contractual rights to require IPOs or spin‑offs.
Mandates liquidation of identified covered equity investments within 8 years of enactment (and within 8 years of acquisition for later purchases).
Requires agencies to transmit all liquidation proceeds to the Treasury to be used to pay down the national debt.
No hearings or votes scheduled.