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HR 6339 116th Congress House Finance and Financial Sector Cardiovascular and respiratory health Congressional oversight Corporate finance and management Emergency medical services and trauma care Infectious and parasitic diseases Securities

To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Introduced: March 23, 2020 Introduced by: Casten, Sean Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2020
Referred to the House Committee on Financial Services.
Mar 23, 2020
Introduced in House
 Plain-English summary Congressional Research Service

This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.

What's happening now March 23, 2020

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1