United States 117th Congress Status: In Committee 1 D cosponsors

HR 9149 — Reward Work Act

Last action — Referred to the House Committee on Financial Services.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Reward Work Act This bill prohibits issuers from purchasing their own securities on a national exchange. The bill also requires one-third of an issuer's board of directors to be elected by employees in order for the issuer to be allowed to register securities.

Bill Text

How this bill changes current law

2 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill prohibits public companies from repurchasing their shares on the open market and requires employee representation on corporate boards.

  • 15 U.S.C. 78f

    No issuer may purchase an equity security of the issuer on a national securities exchange.

    Public companies are prohibited from buying back their own shares on national securities exchanges.

  • 15 U.S.C. 78l

    No issuer may register securities on a national exchange unless at least \1/3\ of the issuer's directors are chosen by the issuing company's employees in a one-employee-one-vote election process.

    Companies must ensure that one-third of their directors are elected by employees.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance labor
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Frequently asked questions

What does HR 9149 do?
Reward Work Act This bill prohibits issuers from purchasing their own securities on a national exchange. The bill also requires one-third of an issuer's board of directors to be elected by employees in order for the issuer to be allowed to register securities.
Who sponsors HR 9149?
HR 9149 is sponsored by García, Jesús G. "Chuy" (Democratic).
What is the current status of HR 9149?
This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 9149?
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Last checked for changes 3 months ago · updated continuously

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