S 3931
117th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Employee benefits and pensions
Inflation and prices
Securities
Securities and Exchange Commission (SEC)
Self-employed
Service industries
Gig Worker Equity Compensation Act
Introduced: March 24, 2022
Introduced by:
Lummis, Cynthia M.
Republican
· Wyoming
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Mar 24, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 24, 2022
Introduced in Senate
Plain-English 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.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Committees of jurisdiction
1
Cosponsors
1