118th Congress Finance and Financial Sector
H.R. 2612: Gig Worker Equity Compensation Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
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Other bills by Patrick McHenry
- H.R. 1165: Data Privacy Act of 2023
- H.R. 7440: Financial Services Innovation Act of 2024
- H.R. 807: Working Dog Commemorative Coin Act
- H.R. 4766: Clarity for Payment Stablecoins Act of 2023
- H.R. 2799: Expanding Access to Capital Act of 2023
- H.R. 2608: To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.
History
- Introduced in the House by Patrick McHenry.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, 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.