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S. 3640 115th Congress Senate

Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act of 2018

Official title: A bill to prohibit certain large business entities from purchasing the securities of those entities on national securities exchanges, and for other purposes.

Introduced: November 15, 2018 Introduced by: Bernard Sanders Independent · Vermont See on congress.gov
Finance and Financial Sector
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 15, 2018
Introduced in Senate
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 Latest action November 15, 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act of 2018

This bill prohibits a large employer from purchasing its own stock if it (1) pays its employees less than $15 an hour, (2) does not provide its employees with specified paid sick leave, or (3) does not comply with a specified compensation ratio with respect to its executive officers and employees.

 Related & companion bills 1
  • HR 7145 Identical bill Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3640: Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-3640/
MLA
"S. 3640: Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3640/.
Bluebook (legal)
S. 3640, 115th Cong. (2026), https://openamerica.io/bill/115-S-3640/.
Markdown link
[S. 3640: Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act of 2018](https://openamerica.io/bill/115-S-3640/)
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