Bill Sponsor
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Bill Sponsor
Politicians
Bills
House Bill 6360
116th Congress(2019-2020)
To establish requirements on accelerated filers receiving Federal aid related to COVID-19, to establish requirements on all corporations until Federal aid related to COVID-19 is repaid, and for other purposes.
Introduced
Introduced
Introduced in House on Mar 23, 2020
Overview
Text
Introduced
Mar 23, 2020
Latest Action
Mar 23, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6360
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Alexandria Ocasio-Cortez
New York
Democrat
Maxine Waters
California
Democrat
Ayanna Pressley
Massachusetts
Democrat
Rashida Tlaib
Michigan
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

This bill establishes requirements for issuers of securities receiving aid in response to the COVID-19 (i.e., coronavirus disease 2019) emergency.

Issuers receiving aid must comply with specified requirements regarding paid leave, minimum wage, and limits on executive compensation. Until the end of the emergency period, issuers receiving aid must maintain preemergency workforce and compensation levels. Additionally, an issuer receiving aid may not provide executive bonuses, purchase its own company's stocks, pay out dividends to stockholders, or engage in lobbying until the issuer repays the aid.

Certain issuers receiving aid must (1) have one-third of their board of directors be elected by employees; and (2) provide additional disclosures including those regarding political expenditures, workforce composition, employee benefits, environmental impacts, federal aid, and financial performance.

Text (1)
Introduced in House
March 23, 2020
Related Bills (2)
Mar 23, 2020
Introduced in House
10
Sponsorship
House Bill 6379
Workforce Emergency Response Act of 2020
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Mar 23, 2020
Introduced in House
1
Sponsorship
House Bill 6321
Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
03/23/2020
Referred to the House Committee on Financial Services.
03/23/2020
Introduced in House
Public Record
Record Updated
Feb 9, 2022 3:56:50 AM
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