summary
Introduced
04/13/2023
04/13/2023
In Committee
04/13/2023
04/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require the Securities and Exchange Commission to extend exemptions for securities offered as part of employee pay to other individuals providing goods for sale, labor, or services for remuneration, to preempt certain provisions of State law with respect to wage rates and benefits, and for other purposes.
AI Summary
This bill, the Gig Worker Equity Compensation Act, aims to extend the exemptions for securities offered as part of employee pay to other individuals providing goods, labor, or services for remuneration. It requires the Securities and Exchange Commission (SEC) to revise its regulations to apply the same exemptions to these "gig workers" as it does to regular employees. Additionally, the bill preempts certain state laws that create a presumption of employment for individuals providing goods, labor, or services. Finally, it directs the Government Accountability Office (GAO) to conduct a study on the effects of the Act within three years of its enactment.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
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. (on 04/13/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2612/all-info |
| BillText | https://www.congress.gov/118/bills/hr2612/BILLS-118hr2612ih.pdf |
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