Legis Daily

Gig Worker Equity Compensation Act

USA117th CongressS-3931| Senate 
| Updated: 4/5/2022
Cynthia M. Lummis

Cynthia M. Lummis

Republican Senator

Wyoming

Cosponsors (1)
Tim Scott (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

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

Timeline
May 4, 2021

Latest Companion Bill Action

HR 117-2990
Introduced in House
Mar 24, 2022
Introduced in Senate
Mar 24, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • May 4, 2021

    Latest Companion Bill Action

    HR 117-2990
    Introduced in House


  • March 24, 2022
    Introduced in Senate


  • March 24, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 5, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Finance and Financial Sector

Administrative law and regulatory proceduresEmployee benefits and pensionsInflation and pricesSecuritiesSecurities and Exchange Commission (SEC)Self-employedService industries

Gig Worker Equity Compensation Act

USA117th CongressS-3931| Senate 
| Updated: 4/5/2022
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.
View Full Text

Suggested Questions

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

Timeline
May 4, 2021

Latest Companion Bill Action

HR 117-2990
Introduced in House
Mar 24, 2022
Introduced in Senate
Mar 24, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • May 4, 2021

    Latest Companion Bill Action

    HR 117-2990
    Introduced in House


  • March 24, 2022
    Introduced in Senate


  • March 24, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • April 5, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Cynthia M. Lummis

Cynthia M. Lummis

Republican Senator

Wyoming

Cosponsors (1)
Tim Scott (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresEmployee benefits and pensionsInflation and pricesSecuritiesSecurities and Exchange Commission (SEC)Self-employedService industries