US HB6339 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 23 2020 - 25% progression, died in committee
Action: 2020-03-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 23 2020 - 25% progression, died in committee
Action: 2020-03-23 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.
Title
To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
Sponsors
Rep. Sean Casten [D-IL] | Rep. Maxine Waters [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2020-03-23 | House | Referred to the House Committee on Financial Services. |
2020-03-23 | House | Introduced in House |
Same As/Similar To
HB6379 (Related) 2020-03-23 - Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, 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.
HB6321 (Related) 2020-03-23 - Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, 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.
HB6321 (Related) 2020-03-23 - Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, 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.
Subjects
Cardiovascular and respiratory health
Congressional oversight
Corporate finance and management
Emergency medical services and trauma care
Finance and financial sector
Infectious and parasitic diseases
Securities
Congressional oversight
Corporate finance and management
Emergency medical services and trauma care
Finance and financial sector
Infectious and parasitic diseases
Securities
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/6339/all-info |
Text | https://www.congress.gov/116/bills/hr6339/BILLS-116hr6339ih.pdf |