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To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

USA116th CongressHR-6339| House 
| Updated: 3/23/2020
Sean Casten

Sean Casten

Democratic Representative

Illinois

Cosponsors (1)
Maxine Waters (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.
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Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 23, 2020
    Introduced in House
  • March 23, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Cardiovascular and respiratory healthCongressional oversightCorporate finance and managementEmergency medical services and trauma careInfectious and parasitic diseasesSecurities

To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

USA116th CongressHR-6339| House 
| Updated: 3/23/2020
This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 23, 2020
Introduced in House
Mar 23, 2020
Referred to the House Committee on Financial Services.
  • March 23, 2020
    Introduced in House
  • March 23, 2020
    Referred to the House Committee on Financial Services.
Sean Casten

Sean Casten

Democratic Representative

Illinois

Cosponsors (1)
Maxine Waters (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 116-6379: Workforce Emergency Response Act of 2020
  • HR 116-6321: Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cardiovascular and respiratory healthCongressional oversightCorporate finance and managementEmergency medical services and trauma careInfectious and parasitic diseasesSecurities