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H.R. 3694

BillFederalHouseIn Committee
To prohibit public companies from repurchasing their shares on the open market, and for other purposes.
About This Bill
Committee
Latest Action · May 25, 2023
Referred to the House Committee on Financial Services.
Congress
118th (2023–2025)
Introduced
May 25, 2023
Cosponsors (32)
32D 0R
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Summary

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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.

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