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HR 2990 117th Congress House

Gig Worker Equity Compensation Act

Official title: To require the Securities and Exchange Commission to extend exemptions for securities offered as part of employee pay to other individuals providing goods for … Show full official titleShow less

Official title: To require the Securities and Exchange Commission to extend exemptions for securities offered as part of employee pay to other individuals providing goods for sale, labor, or services for remuneration, to preempt certain provisions of State law with respect to wage rates and benefits, and for other purposes.

Introduced: May 4, 2021 See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
May 4, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 4, 2021
Introduced in House
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 Latest action May 4, 2021

Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Gig Worker Equity Compensation Act

This bill preempts any state law that classifies an individual providing labor or services for remuneration (i.e., an independent contractor) as an employee for purposes of wage-rate and benefit requirements.

The bill also broadens the existing Securities and Exchange Commission registration exemption for the issuance of securities as part of an employee-compensation package. Specifically, the bill applies this exemption to the issuance of securities as compensation for independent contractors.

The Government Accountability Office must report on the bill's effects. 

 Related & companion bills 2
  • HR 2612 Reintroduced Bill Gig Worker Equity Compensation Act
  • HR 8280 Reintroduction of Gig Worker Equity Compensation Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2990: Gig Worker Equity Compensation Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2990/
MLA
"H.R. 2990: Gig Worker Equity Compensation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2990/.
Bluebook (legal)
H.R. 2990, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2990/.
Markdown link
[H.R. 2990: Gig Worker Equity Compensation Act](https://openamerica.io/bill/117-HR-2990/)
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