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HR 6360 116th Congress House Finance and Financial Sector Business records Cardiovascular and respiratory health Corporate finance and management Economic performance and conditions Elections, voting, political campaign regulation Emergency medical services and trauma care Employee benefits and pensions Employee hiring Employee leave Foreign and international corporations Government information and archives Health promotion and preventive care Infectious and parasitic diseases Interest, dividends, interest rates Labor standards Labor-management relations Minority employment Personnel records Public participation and lobbying

To establish requirements on accelerated filers receiving Federal aid related to COVID-19, to establish requirements on all corporations until Federal aid related to COVID-19 is repaid, and for other purposes.

Introduced: March 23, 2020 Introduced by: Ocasio-Cortez, Alexandria Democratic · New York 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 establishes requirements for issuers of securities receiving aid in response to the COVID-19 (i.e., coronavirus disease 2019) emergency.

Issuers receiving aid must comply with specified requirements regarding paid leave, minimum wage, and limits on executive compensation. Until the end of the emergency period, issuers receiving aid must maintain preemergency workforce and compensation levels. Additionally, an issuer receiving aid may not provide executive bonuses, purchase its own company's stocks, pay out dividends to stockholders, or engage in lobbying until the issuer repays the aid.

Certain issuers receiving aid must (1) have one-third of their board of directors be elected by employees; and (2) provide additional disclosures including those regarding political expenditures, workforce composition, employee benefits, environmental impacts, federal aid, and financial performance.

What's happening now March 23, 2020

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3