H.R. 6339
Referred to CommitteeTo temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
Introduced 3/23/2020•116th Congress•House
Latest Action
Referred to the House Committee on Financial Services.
3/23/2020 • House
Summary
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.
Introduced in House • 3/23/2020
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Topics & Subjects
Policy Area: Finance and Financial Sector
Cardiovascular and respiratory healthCongressional oversightCorporate finance and managementEmergency medical services and trauma careInfectious and parasitic diseasesSecurities
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Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
2
Democrats
0
Republicans
0
Independents
Sponsor
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Cosponsors (1)
R[
Bill Journey
Originated in the House
Introduced
March 23, 2020
Referred to the House Committee on Financial Services.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House3/23/2020