HR 6339 · 116th Congress · Finance and Financial Sector

To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Introduced 2020-03-23· Sponsored by Rep. Casten, Sean [D-IL-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Waters, Maxine [D-CA-43]CA