Reward Work Act
Latest action · Jun 19, 2019 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 19, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Reward Work Act
This bill prohibits issuers from purchasing their own securities on a national exchange. The bill also requires one-third of an issuer's board of directors to be elected by employees in order for the issuer to be allowed to register securities.
Cosponsors 16
Members who signed on, in the order they did. Signatures ran from Jun 19, 2019 to Mar 2, 2020; 13 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Alexandria Ocasio-Cortez | Original | Jun 19, 2019 |
| D-IN | André Carson | Original | Jun 19, 2019 |
| D-MA | Ayanna Pressley | Original | Jun 19, 2019 |
| D-DC | Eleanor Holmes Norton | Original | Jun 19, 2019 |
| D-MN | Ilhan Omar | Original | Jun 19, 2019 |
| D-IL | Janice D. Schakowsky | Original | Jun 19, 2019 |
| D-OH | Marcy Kaptur | Original | Jun 19, 2019 |
| D-CA | Mark DeSaulnier | Original | Jun 19, 2019 |
| D-WI | Mark Pocan | Original | Jun 19, 2019 |
| D-WA | Pramila Jayapal | Original | Jun 19, 2019 |
| D-MI | Rashida Tlaib | Original | Jun 19, 2019 |
| D-CA | Ro Khanna | Original | Jun 19, 2019 |
| D-TN | Steve Cohen | Original | Jun 19, 2019 |
| D-MA | James P. McGovern | Oct 23, 2019 | |
| D-NJ | Bonnie Watson Coleman | Jan 9, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 19, 2019 |
Actions 3
Everything that happened, newest first.
- Jun 19, 2019Introduced in House
- Jun 19, 2019Sponsor introductory remarks on measure. (CR E791)
- Jun 19, 2019Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E791 | Jesús G. "Chuy" García D-IL | Jun 19, 2019 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 103, June 19, 2019, page H4919.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 116-92 | HOLDING WELLS FARGO ACCOUNTABLE: EXAMINING THE ROLE OF THE BOARD OF DIRECTORS IN THE BANK'S EGREGIOUS PATTERN OF CONSUMER ABUSES76 pages | Financial Services Committee | Mar 11, 2020 |
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF11506 | Stock Buybacks and Company Executives’ Profits Archived | Resource | Apr 16, 2020 |
| IF11393 | Stock Buybacks: Concerns over Debt-Financing and Long-Term Investing Archived | Resource | Dec 19, 2019 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 915 | Reward Work Act | Related bill | Mar 27, 2019 |
| S 3540 | Reward Work Act | Related bill | Mar 19, 2020 |
| HR 9149 | Reward Work Act | Reintroduced Bill | Oct 7, 2022 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To prohibit public companies from repurchasing their shares on the open market, and for other purposes.
- Short Title(s) as Introduced
- Reward Work Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jun 19, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
