S. 3931IntroducedFINANCE AND FINANCIAL SECTOR
Gig Worker Equity Compensation Act
Administrative law and regulatory procedures · Employee benefits and pensions · Inflation and prices
Key facts
Introduced: Mar 24, 2022
Chamber: Senate
Cosponsors: 1
Congress: 117th
Latest action · Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Summary
Gig Worker Equity Compensation Act
This bill expands the existing Securities and Exchange Commission registration exemption for securities that are part of an employee-compensation package. Specifically, the bill applies this exemption to securities provided to independent contractors performing work for the issuer and to customers of the issuer.
The bill also requires the corresponding aggregate sales amount to be indexed for inflation annually instead of every 5 years as under current law.
Summary by Congressional Research Service.
Timeline
- Apr 5, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
- Mar 24, 2022Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 24, 2022Introduced in Senate
Cosponsors
In the News
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