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    <number>3931</number>
    <updateDate>2022-12-29T22:33:28Z</updateDate>
    <updateDateIncludingText>2022-12-29T22:33:28Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
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    <introducedDate>2022-03-24</introducedDate>
    <congress>117</congress>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
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            <name>Hearings by</name>
            <date>2022-04-05T18:32:03Z</date>
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            <date>2022-03-24T20:51:43Z</date>
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        <text>Committee on Banking, Housing, and Urban Affairs. Hearings held.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2022-03-24</actionDate>
        <text>Introduced in Senate</text>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>L000571</bioguideId>
        <fullName>Sen. Lummis, Cynthia M. [R-WY]</fullName>
        <firstName>Cynthia</firstName>
        <lastName>Lummis</lastName>
        <party>R</party>
        <state>WY</state>
        <middleName>M.</middleName>
        <isByRequest>N</isByRequest>
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        <bioguideId>S001184</bioguideId>
        <fullName>Sen. Scott, Tim [R-SC]</fullName>
        <firstName>Tim</firstName>
        <lastName>Scott</lastName>
        <party>R</party>
        <state>SC</state>
        <sponsorshipDate>2022-03-31</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Employee benefits and pensions</name>
        </item>
        <item>
          <name>Inflation and prices</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>Securities and Exchange Commission (SEC)</name>
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        <item>
          <name>Self-employed</name>
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          <name>Service industries</name>
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        <name>Finance and Financial Sector</name>
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        <actionDate>2022-03-24</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2022-09-01T18:03:37Z</updateDate>
        <text><![CDATA[ <p><strong>Gig Worker Equity Compensation Act </strong></p> <p>This bill expands the existing Securities and Exchange Commission registration exemption for securities that are part of an employee-compensation package. Specifically, the bill applies this exemption to securities provided to independent contractors performing work for the issuer and to customers of the issuer. </p> <p>The bill also requires the corresponding aggregate sales amount to be indexed for inflation annually instead of every 5 years as under current law.</p>]]></text>
      </summary>
    </summaries>
    <title>Gig Worker Equity Compensation Act</title>
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        <titleType>Display Title</titleType>
        <title>Gig Worker Equity Compensation Act</title>
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      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <title>Gig Worker Equity Compensation Act</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>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, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <type>Introduced in Senate</type>
        <date>2022-03-24T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-117s3931is/xml/BILLS-117s3931is.xml</url>
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    <latestAction>
      <actionDate>2022-04-05</actionDate>
      <text>Committee on Banking, Housing, and Urban Affairs. Hearings held.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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