Reward Work Act
Latest action · May 25, 2023 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.
- IntroducedMay 25, 2023
- 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 32
Members who signed on, in the order they did. Signatures ran from May 25, 2023 to Sep 11, 2024; 29 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Alexandria Ocasio-Cortez | Original | May 25, 2023 |
| D-IN | André Carson | Original | May 25, 2023 |
| D-CA | Barbara Lee | Original | May 25, 2023 |
| D-MN | Betty McCollum | Original | May 25, 2023 |
| D-NJ | Bonnie Watson Coleman | Original | May 25, 2023 |
| D-PA | Christopher R. Deluzio | Original | May 25, 2023 |
| D-MO | Cori Bush | Original | May 25, 2023 |
| D-NJ | Donald Norcross | Original | May 25, 2023 |
| D-DC | Eleanor Holmes Norton | Original | May 25, 2023 |
| D-TX | Greg Casar | Original | May 25, 2023 |
| D-OH | Greg Landsman | Original | May 25, 2023 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | May 25, 2023 |
| D-MN | Ilhan Omar | Original | May 25, 2023 |
| D-NY | Jamaal Bowman | Original | May 25, 2023 |
| D-MA | James P. McGovern | Original | May 25, 2023 |
| D-IL | Janice D. Schakowsky | Original | May 25, 2023 |
| D-CA | Katie Porter | Original | May 25, 2023 |
| D-CA | Mark DeSaulnier | Original | May 25, 2023 |
| D-WI | Mark Pocan | Original | May 25, 2023 |
| D-FL | Maxwell Frost | Original | May 25, 2023 |
| D-WA | Pramila Jayapal | Original | May 25, 2023 |
| D-MI | Rashida Tlaib | Original | May 25, 2023 |
| D-AZ | Raúl M. Grijalva | Original | May 25, 2023 |
| D-CA | Ro Khanna | Original | May 25, 2023 |
| D-CT | Rosa L. DeLauro | Original | May 25, 2023 |
| D-TX | Sheila Jackson Lee | Original | May 25, 2023 |
| D-PA | Summer L. Lee | Original | May 25, 2023 |
| D-CA | Ted Lieu | Original | May 25, 2023 |
| D-OR | Val T. Hoyle | Original | May 25, 2023 |
| D-CA | Grace F. Napolitano | Jun 15, 2023 | |
| D-IL | Delia C. Ramirez | Sep 6, 2024 | |
| D-MI | Debbie Dingell | Sep 11, 2024 |
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 May 25, 2023 |
Actions 2
Everything that happened, newest first.
- May 25, 2023Introduced in House
- May 25, 2023Referred to the House Committee on Financial Services.
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. 169, no. 89, May 25, 2023, page H2640.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 9149 | Reward Work Act | Reintroduction of | 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.
- May 25, 2023Introduced 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.
