Bill116th CongressFiled Mar 23, 2020Finance and Financial Sector
H.R. 6339
To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 23, 2020)
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.
What just happenedMar 23, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Casten, Sean [D-IL-6](D-IL)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions2related bills6subjects
- Introduced in HouseMar 23, 2020
- Mar 23, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 23, 2020IntroReferralIntro-H
Introduced in House
- Mar 23, 2020IntroReferral1000
Introduced in House