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S. 3931 117th Congress Senate

Gig Worker Equity Compensation Act

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

Official title: A bill 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, and for other purposes.

Introduced: March 24, 2022 Introduced by: Cynthia M. Lummis Republican · Wyoming See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresEmployee benefits and pensionsInflation and pricesSecurities
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Securities and Exchange Commission (SEC)Self-employedService industries
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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 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
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 Latest action April 5, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • INDEPENDENT SECTOR
    for INDEPENDENT SECTOR · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 1
All 1 Republican 1
R
Scott, Tim
South Carolina · Mar 31, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3931: Gig Worker Equity Compensation Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3931/
MLA
"S. 3931: Gig Worker Equity Compensation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3931/.
Bluebook (legal)
S. 3931, 117th Cong. (2026), https://openamerica.io/bill/117-S-3931/.
Markdown link
[S. 3931: Gig Worker Equity Compensation Act](https://openamerica.io/bill/117-S-3931/)
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