HR 6254 · 116th Congress · Finance and Financial Sector
Gig Economy Infrastructure Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: 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.(2020-03-12)
Plain Language Summary
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Gig Economy Infrastructure Act This bill temporarily 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. This preemption ends three years after enactment. 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. …
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Republicans