3.0.0 2990 2023-01-11T13:48:59Z 2023-01-11T13:48:59Z House HR 2021-05-04 117 [Congressional Record Volume 167, Number 77 (Tuesday, May 4, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 2990.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 To regulate commerce withforeign Nations, and among the several States, and with theIndian[Page H2142]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2021-05-04T14:05:30Z hsba00 Financial Services Committee House Standing Referred to 2021-05-04T14:05:25Z 2021-05-04 Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2021-05-04 Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-05-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-05-04 Introduced in House IntroReferral 1000 9 Library of Congress M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N Finance and Financial Sector Finance and Financial Sector 00 2021-05-04 Introduced in House 2021-09-30T18:14:15Z Gig Worker Equity Compensation Act

This bill preempts any state law that classifies an individual providing labor or services for remuneration (i.e., an independent contractor) as an employee for purposes of wage-rate and benefit requirements.

The bill also broadens the existing Securities and Exchange Commission registration exemption for the issuance of securities as part of an employee-compensation package. Specifically, the bill applies this exemption to the issuance of securities as compensation for independent contractors.

The Government Accountability Office must report on the bill's effects. 

]]> Gig Worker Equity Compensation Act Display Title Gig Worker Equity Compensation Act Official Title as Introduced 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. Introduced in House IH Short Title(s) as Introduced Gig Worker Equity Compensation Act Introduced in House IH Introduced in House 2021-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2990ih/xml/BILLS-117hr2990ih.xml 2021-05-04 Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.