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    <number>2612</number>
    <updateDate>2025-07-21T19:44:15Z</updateDate>
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    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-04-13</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 62 (Thursday, April 13, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. McHENRY:H.R. 2612.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3:To regulate commerce with states, other nations, and NativeAmerican tribes.Article 1, Section 8, Clause 18:Authority to create laws that are necessary and proper tocarry out the laws of the landThe single subject of this legislation is:Expands Securities Act Rule 701 to include gig workers andpreempt state laws that mischaracterizes gig workers asemployees[Page H1728]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <name>Education and Workforce Committee</name>
        <chamber>House</chamber>
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            <name>Referred To</name>
            <date>2023-04-13T15:03:10Z</date>
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        <name>Financial Services Committee</name>
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            <name>Referred To</name>
            <date>2023-04-13T15:03:05Z</date>
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      <item>
        <title>Expanding Access to Capital Act of 2023</title>
        <congress>118</congress>
        <number>2799</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2024-03-11</actionDate>
          <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2023-04-13</actionDate>
        <text>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.</text>
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        <actionDate>2023-04-13</actionDate>
        <text>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.</text>
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    <sponsors>
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        <bioguideId>M001156</bioguideId>
        <fullName>Rep. McHenry, Patrick T. [R-NC-10]</fullName>
        <firstName>Patrick</firstName>
        <lastName>McHenry</lastName>
        <party>R</party>
        <state>NC</state>
        <district>10</district>
        <isByRequest>N</isByRequest>
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    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Finance and Financial Sector</name>
        <updateDate>2023-04-19T18:45:15Z</updateDate>
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    <summaries>
      <summary>
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        <actionDate>2023-04-13</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-09-29T17:20:11Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;Gig Worker Equity Compensation Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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. &lt;/p&gt; &lt;p&gt;The bill also&amp;nbsp;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&amp;nbsp;as compensation for&amp;nbsp;independent contractors.&lt;/p&gt; &lt;p&gt;The Government Accountability Office must report on the&amp;nbsp;bill's effects.&amp;nbsp;&lt;/p&gt;</text>
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    <title>Gig Worker Equity Compensation Act</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Gig Worker Equity Compensation Act</title>
        <updateDate>2024-07-24T15:22:51Z</updateDate>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Gig Worker Equity Compensation Act</title>
        <updateDate>2024-05-24T13:41:03Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>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.</title>
        <updateDate>2024-03-18T20:36:53Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-04-13T04:00:00Z</date>
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    <latestAction>
      <actionDate>2023-04-13</actionDate>
      <text>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.</text>
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    <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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