Legis Daily

Gig Worker Equity Compensation Act

USA117th CongressHR-2990| House 
| Updated: 5/4/2021
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Financial Services Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Gig Worker Equity Compensation Act This bill preempts any state law that classifies an individual providing labor or services for remuneration (i.e., an independent contractor) as an employee for purposes of wage-rate and benefit requirements. The bill also broadens the existing Securities and Exchange Commission registration exemption for the issuance of securities as part of an employee-compensation package. Specifically, the bill applies this exemption to the issuance of securities as compensation for independent contractors. The Government Accountability Office must report on the bill's effects.
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Timeline

Bill from Previous Congress

HR 116-8280
Gig Worker Equity Compensation Act
May 4, 2021
Introduced in House
May 4, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 5, 2022

Latest Companion Bill Action

S 117-3931
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-8280
    Gig Worker Equity Compensation Act


  • May 4, 2021
    Introduced in House


  • May 4, 2021
    Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3931
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Finance and Financial Sector

Gig Worker Equity Compensation Act

USA117th CongressHR-2990| House 
| Updated: 5/4/2021
Gig Worker Equity Compensation Act This bill preempts any state law that classifies an individual providing labor or services for remuneration (i.e., an independent contractor) as an employee for purposes of wage-rate and benefit requirements. The bill also broadens the existing Securities and Exchange Commission registration exemption for the issuance of securities as part of an employee-compensation package. Specifically, the bill applies this exemption to the issuance of securities as compensation for independent contractors. The Government Accountability Office must report on the bill's effects.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 116-8280
Gig Worker Equity Compensation Act
May 4, 2021
Introduced in House
May 4, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 5, 2022

Latest Companion Bill Action

S 117-3931
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    HR 116-8280
    Gig Worker Equity Compensation Act


  • May 4, 2021
    Introduced in House


  • May 4, 2021
    Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3931
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Patrick T. McHenry

Patrick T. McHenry

Republican Representative

North Carolina

Financial Services Committee, Education and Workforce Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted