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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
Administrative law and regulatory proceduresEmployee benefits and pensionsInflation and pricesSecuritiesSecurities and Exchange Commission (SEC)Self-employedService industries