,i #aae? ,,congress #b;d ,session ,h4 ,r4 #gade ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,novemb] #af1 #bjah,mr4 ,khanna 7= himself1 ,ms4 ,gabb>d1 ,ms4 ,cl>ke ( ,new ,york1 ,ms4 ,s*ak[sky1 & ,mr4 ,rask97 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices1 & 9 addition to ! ,committee on ,education & ! ,work=ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to prohibit c]ta9 l>ge bus9ess entities f pur*as+ ! securities ( ^? entities on national securities ex*anges1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/op ,welf>e = ,any ,l>ge ,monopoly ,amass+ ,rev5ue f ,taxpay]s ,act ( #bjah4 #b4 ,prohibition 7a7 ,9 g5]al ,a l>ge employ] t commits a violation describ$ 9 subsection 7b7 may n pur*ase a security ( ! l>ge employ] on a national securities ex*ange dur+ ! fiscal ye> 9 :i* ! l>ge employ] commits t violation4 7b7 ,violations describ$ ,a violation describ$ 9 ?is subsection is1 ) respect to a l>ge employ]1 any ( ! foll[+3 7#a7 ,! l>ge employ] pays an employee ( ! l>ge employ] wages1 z su* t]m is def9$ = purposes ( ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi ,u4,s4,c4 #bja et seq47 except exclud+ any am\nt ( ca% tips receiv$ 9 ! c\rse ( employm5t by an employee1 at a rate t is less ?an #ae p] h\r4 7#b7 ,! l>ge employ] int]f]es )1 re/ra9s1 or d5ies ! ex]cise (1 or ! attempt to ex]cise1 any "r provid$ "u subsection 7c74 7#c7 ,! comp5sation ratio ) respect to ! l>ge employ] is 9 an am\nt t is m ?an #aej4 7c7 ,e>n$ paid sick "t 7#a7 ,e>n+ ( paid sick "t ,a l>ge employ]-- 7,a7 %all provide ea* employee employ$ by ! l>ge employ] n less ?an #a h\r ( e>n$ paid sick "t = e #cj h\rs work$2 & 7,b7 %all n be requir$ to p]mit an employee to e>n1 "u ?is subsection1 m ?an #ef h\rs ( paid sick "t 9 a ye>1 unless ! l>ge employ] *ooses to set a high] limit4 7#b7 ,exempt employees 7,a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#c71 = purposes ( ?is subsection1 an employee :o is exempt f ov]time requirem5ts "u section #ac7;a77#a7 ( ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi ,u4,s4,c4 #bac7;a77#a77 %all be assum$ to "w #dj h\rs 9 ea* workweek4 7,b7 ,%ort] normal workweek ,if ! normal workweek ( an employee describ$ 9 subp>agraph 7,a7 is less ?an #dj h\rs1 ! employee %all e>n paid sick "t bas$ ^u t normal workweek4 7#c7 ,dates = beg9n+ to e>n paid sick "t & use 7,a7 ,9 g5]al ,an employee %all beg9 to e>n paid sick "t "u ?is subsection at ! comm5cem5t ( ! employm5t ( ! employee4 7,b7 ,use ,an employee-- 7i7 %all be entitl$ to use paid sick "t t ! employee has e>n$ beg9n+ on ! #fj? cal5d> day foll[+ comm5cem5t ( ! employm5t ( ! employee2 & 7ii7 aft] ! #fj? cal5d> day describ$ 9 clause 7i71 may use ! paid sick "t ( ! employee z ! "t is e>n$4 7,c7 ,discretion ( employ] ,a l>ge employ] may1 at ! discretion ( ! l>ge employ]-- 7i7 loan paid sick "t to an employee = use by su* employee 9 advance ( ! employee e>n+ su* sick "t z provid$ 9 ?is subsection2 & 7ii7 p]mit ! use ( paid sick "t by an employee be=e ! #fj? day ( employm5t ( ! employee4 7#d7 ,c>ryov] 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 paid sick "t e>n$ "u ?is subsection %all c>ry ov] f "o ye> to ! next4 7,b7 ,con/ruction ,?is subsection %all n be con/ru$ to require a l>ge employ] to p]mit an employee to e>n m ?an #ef h\rs ( e>n$ paid sick "t at a giv5 "t4 7#e7 ,l>ge employ]s ) exi/+ policies ,any l>ge employ] ) a paid leave policy t makes available an am\nt ( paid leave t is suffici5t to meet ! requirem5ts ( ?is subsection & t may be us$ = ! same purposes & "u ! same conditions z ! purposes & conditions describ$ 9 section #c7ac7 %all n be requir$ to p]mit an employee to e>n additional paid sick "t "u ?is subsection4 7#f7 ,con/ruction ,no?+ 9 ?is subsection %all be con/ru$ z requir+ f9ancial or o!r reimbursem5t to an employee f a l>ge employ] ^u ! employee's t]m9ation1 resignation1 retirem5t1 or o!r sep>ation f employm5t = e>n$ paid sick "t t has n be5 us$4 7#g7 ,re9/atem5t ,if an employee is sep>at$ f employm5t ) a l>ge employ] &1 n lat] ?an #a ye> aft] ! date on :i* ! employee is sep>at$1 is rehir$ by ! same l>ge employ]-- 7,a7 ! l>ge employ] %all re9/ate ! previ\sly e>n$ paid sick "t ( ! employee2 & 7,b7 ! employee %all be entitl$ to use ! e>n$ paid sick "t & e>n additional paid sick "t at ! recomm5cem5t ( employm5t ) ! l>ge employ]4 7#h7 ,prohibition ,a l>ge employ] may n require1 z a condition ( provid+ paid sick "t "u ?is subsection1 t ! employee involv$ se>* = or f9d a replacem5t employee to cov] ! h\rs dur+ :i* ! employee is us+ paid sick "t4 7d7 ,en=cem5t 7#a7 ,9 g5]al ,) respect to a l>ge employ] t makes a pur*ase t violates subsection 7a7-- 7,a7 ! ,commission may impose a civil p5alty on ! l>ge employ] 9 an am\nt t is equal to ! am\nt paid by ! l>ge employ] to make t pur*ase2 & 7,b7 an individual :o is an executive (fic] ( ! l>ge employ] on ! date on :i* t pur*ase is made may n s]ve z an executive (fic] ( ! l>ge employ]1 any successor ( ! l>ge employ]1 or any affiliate ( ! l>ge employ]-- 7i7 if ! pur*ase is ! fir/ in/ance 9 :i* ! l>ge employ] has violat$ subsection 7a71 dur+ ! #a-ye> p]iod beg9n+ on ! date on :i* t pur*ase is made2 & 7ii7 if ! pur*ase is n ! fir/ in/ance 9 :i* ! l>ge employ] has violat$ subsection 7a71 at any "t aft] ! date on :i* t pur*ase is made4 7#b7 ,regulations ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,commission %all promulgate regulations t in/ruct national securities ex*anges & l>ge employ]s reg>d+ h[ ^? entities %all comply ) ! requirem5ts ( ?is ,act4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,affiliate ,! t]m affiliate means1 ) respect to a l>ge employ]-- 7,a7 any incorporat$ or un9corporat$ bus9ess association or tru/ t controls ! l>ge employ]2 7,b7 any incorporat$ or un9corporat$ bus9ess association or tru/ t is controll$ by an entity describ$ 9 subp>agraph 7,a72 & 7,c7 any incorporat$ or un9corporat$ bus9ess association or tru/ t is controll$ by ! l>ge employ]4 7#b7 ,*ild ,! t]m *ild means a biological1 fo/]1 or adopt$ *ild1 a /ep*ild1 a *ild ( a dome/ic p>tn]1 a legal w>d1 or a *ild ( a p]son /&+ 9 loco p>5tis1 :o is-- 7,a7 y\ng] ?an #ah ye>s ( age2 or 7,b7 n y\ng] ?an #ah ye>s ( age & incapable ( self-c>e because ( a m5tal or physical disability4 7#c7 ,commission ,! t]m ,commission means ! ,securities & ,ex*ange ,commission4 7#d7 ,committ$ relation%ip ,! t]m committ$ relation%ip-- 7,a7 means a relation%ip betwe5 #b individuals1 ea* ( :om is n y\ng] ?an #ah ye>s ( age1 9 :i*-- 7i7 ea* individual is ! sole dome/ic p>tn] ( ! o!r individual2 & 7ii7 bo? individuals %>e responsibility = a significant measure ( ea* o!r's common welf>e2 & 7,b7 includes any relation%ip describ$ 9 subp>agraph 7,a7 betwe5 #b individuals1 includ+ individuals ( ! same sex1 t is grant$ legal recognition by a ,/ate1 or a political subdivision ( a ,/ate1 z a m>riage or analog\s relation%ip1 includ+ a civil union or dome/ic p>tn]%ip4 7#e7 ,comp5sation ratio ,! t]m comp5sation ratio means1 ) respect to a l>ge employ] 9 a fiscal ye>1 ! quoti5t obta9$ by divid+1 = t fiscal ye>-- 7,a7 z submitt$ by ! l>ge employ] "u section #bbi4djb7;c7 ( title #ag1 ,code ( ,f$]al ,regulations1 or any successor regulation1 ! great] ( ! comp5sation (-- 7i7 ! *ief executive (fic] ( ! l>ge employ]2 or 7ii7 ! mo/ highly comp5sat$ employee ( ! l>ge employ]2 by 7,b7 ! m$ian ( all wages 7n includ+ any am\nt ( ca% tips receiv$ 9 ! c\rse ( employm5t by an employee71 paid to all employees ( ! l>ge employ] :o are employ$ 9 ! ,unit$ ,/ates4 7#f7 ,dat+ viol5ce ,! t]m dat+ viol5ce has ! mean+ giv5 ! t]m 9 section #djjjb7;a7 ( ! ,viol5ce ,aga9/ ,wom5 ,act ( #aiid 7#cd ,u4,s4,c4 #abbia7;a774 7#g7 ,dome/ic p>tn] ,! t]m dome/ic p>tn] means1 ) respect to an individual1 ano!r individual ) :om ! individual is 9 a committ$ relation%ip4 7#h7 ,dome/ic viol5ce ,! t]m dome/ic viol5ce-- 7,a7 has ! mean+ giv5 ! t]m 9 section #djjjb7;a7 ( ! ,viol5ce ,aga9/ ,wom5 ,act ( #aiid 7#cd ,u4,s4,c4 #abbia7;a771 except t ! ref]5ce 9 t section to ! t]m jurisdiction receiv+ grant monies %all be deem$ to mean ! jurisdiction 9 :i* ! victim lives or ! jurisdiction 9 :i* ! employ] involv$ is locat$2 & 7,b7 includes dat+ viol5ce4 7#i7 ,employee ,! t]m employee means-- 7,a7 any full-"t or "p-"t employee2 7,b7 any individual :o is a full-"t or "p-"t indep5d5t contractor 7includ+ any employee ( t indep5d5t contractor7 & provides s]vices to an employ]1 unless-- 7i7 ! individual is free f control & direction 9 connection ) ! p]=mance ( ! s]vice1 bo? "u ! contract = ! p]=mance ( s]vice & 9 fact2 7ii7 ! s]vice is p]=m$ outside ! usual c\rse ( ! bus9ess ( ! employ]2 & 7iii7 ! individual is cu/om>ily engag$ 9 an indep5d5tly e/abli%$ trade1 occupation1 pr(ession1 or bus9ess ( ! same nature z t involv$ 9 ! s]vice p]=m$2 & 7,c7 any individual :o is a full-"t or "p-"t jo9t employee1 provid$ t ! employ] possesses1 res]ves1 or ex]cises suffici5t direct or indirect control ov] ! ess5tial t]ms & conditions ( employm5t ( ! employee4 7#aj7 ,executive (fic] ,! t]m executive (fic]1 ) respect to a l>ge employ]-- 7,a7 means any individual :o p>ticipates1 or has au?ority to p>ticipate 7o!r ?an 9 ! capacity ( a director71 9 major policymak+ functions ( ! l>ge employ]1 )\t reg>d to :e!r-- 7i7 ! individual has an (ficial title2 or 7ii7 ! individual receives a sal>y or o!r comp5sation2 & 7,b7 includes ! *airman ( ! bo>d ( directors ( ! l>ge employ]1 ! presid5t ( ! l>ge employ]1 ea* vice presid5t ( ! l>ge employ]1 & ! *ief f9ancial (fic] ( ! l>ge employ]1 unless-- 7i7 a resolution ( ! bo>d ( directors ( ! l>ge employ] or ! bylaws ( ! l>ge employ] explicitly exclude t individual f p>ticipation 7o!r ?an 9 ! capacity ( a director7 9 major policymak+ functions ( ! l>ge employ]2 & 7ii7 ! individual does n p>ticipate 9 major policymak+ functions ( ! l>ge employ]4 7#aa7 ,l>ge employ] 7,a7 ,9 g5]al ,! t]m l>ge employ] means1 ) respect to a fiscal ye>1 an employ] t-- 7i7 employ$ an av]age ( n few] ?an #ejj employees on bus9ess days dur+ ! prec$+ fiscal ye>2 & 7ii7 is subject to "p #bbi ( title #ag1 ,code ( ,f$]al ,regulations1 or any successor regulations1 = t fiscal ye>4 7,b7 ,rules = det]m9+ employ] size ,= purposes ( ?is p>agraph3 7i7 ,application ( aggregation rule = employ]s ,all p]sons treat$ z a s+le employ] "u subsection 7b71 7c71 7m71 or 7o7 ( section #dad ( ! ,int]nal ,rev5ue ,code ( #aihf %all be treat$ z #a employ]4 7ii7 ,employ]s n 9 exi/5ce 9 prec$+ ye> ,9 ! case ( an employ] t 0 n 9 exi/5ce ?r\gh\t ! prec$+ fiscal ye>1 ! det]m9ation ( :e!r ! employ] is a l>ge employ] %all be bas$ on ! av]age numb] ( employees t ! employ] is reasonably expect$ to employ on bus9ess days 9 ! curr5t fiscal ye>4 7iii7 ,pr$ecessors ,any ref]5ce 9 ?is p>agraph to an employ] %all include a ref]5ce to any pr$ecessor ( ! employ]4 7#ab7 ,national securities ex*ange ,! t]m national securities ex*ange means an ex*ange t is regi/]$ z a national securities ex*ange "u section #f ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;f74 7#ac7 ,paid sick "t ,! t]m paid sick "t means an increm5t ( comp5sat$ leave t c be e>n$ by an employee = use dur+ an abs5ce f employm5t = an abs5ce result+ f-- 7,a7 a physical or m5tal illness1 injury1 or m$ical condition ( ! employee or a relat$ p]son ) respect to ! employee2 7,b7 obta9+ pr(essional m$ical diagnosis or c>e1 or prev5tive m$ical c>e1 = ! employee or a relat$ p]son ) respect to ! employee2 7,c7 c>+ =-- 7i7 a relat$ p]son ) respect to ! employee1 :o has any ( ! conditions or ne$s = diagnosis or c>e describ$ 9 subp>agraph 7,a7 or 7,b72 7ii7 a *ild1 9 a situation 9 :i* ! employee is requir$ to att5d-- 7,i7 a s*ool meet+2 or 7,,ii7 a meet+ at a place :]e ! *ild is receiv+ c>e necessitat$ by ! heal? condition or disability ( ! *ild2 or 7iii7 a relat$ p]son ) respect to ! employee1 :o is o!rwise 9 ne$ ( c>e2 or 7,d7 dome/ic viol5ce1 sexual assault1 or /alk+1 if ! "t is to-- 7i7 seek m$ical att5tion = ! employee1 or a relat$ p]son ) respect to ! employee1 to recov] f physical or psy*ological injury or disability caus$ by dome/ic viol5ce1 sexual assault1 or /alk+2 7ii7 obta9 or assi/ a relat$ p]son ) respect to ! employee 9 obta9+ s]vices f a victim s]vices organization2 7iii7 obta9 or assi/ a relat$ p]son ) respect to ! employee 9 obta9+ psy*ological or o!r c\nsel+2 7iv7 seek relocation2 or 7v7 take legal action1 includ+ prep>+ = or p>ticipat+ 9 any civil or crim9al legal proce$+ relat+ to or result+ f dome/ic viol5ce1 sexual assault1 or /alk+4 7#ad7 ,p>5t ,! t]m p>5t means a biological1 fo/]1 or adoptive p>5t ( an employee1 a /epp>5t1 p>5t-9-law1 or p>5t ( a dome/ic p>tn]1 ( an employee1 or a legal gu>dian or o!r p]son :o /ood 9 loco p>5tis to an employee :5 ! employee 0 a *ild4 7#ae7 ,relat$ p]son ,! t]m relat$ p]son means1 ) respect to an employee-- 7,a7 a *ild ( ! employee2 7,b7 a p>5t ( ! employee2 7,c7 a sp\se ( ! employee2 7,d7 a dome/ic p>tn] ( ! employee2 or 7,e7 any o!r individual relat$ by blood or aff9ity ^: close association ) ! employee is ! equival5t ( a family relation%ip4 7#af7 ,security ,! t]m security has ! mean+ giv5 ! t]m 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a774 7#ag7 ,sexual assault2 /alk+ ,! t]ms sexual assault & /alk+ h ! mean+s giv5 ! t]ms 9 section #djjjb7;a7 ( ! ,viol5ce ,aga9/ ,wom5 ,act ( #aiid 7#cd ,u4,s4,c4 #abbia7;a774 7#ah7 ,sp\se ,! t]m sp\se1 ) respect to an employee1 has ! mean+ giv5 ! t]m by ! m>riage laws ( ! ,/ate 9 :i* ! m>riage 0 celebrat$4 7#ai7 ,/ate ,! t]m ,/ate has ! mean+ giv5 ! t]m 9 section #c ( ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi ,u4,s4,c4 #bjc74 7#bj7 ,successor ,! t]m successor means1 ) respect to a p]son or o!r incorporat$ or un9corporat$ bus9ess association or tru/ 7ref]r$ to 9 ?is p>agraph z a cov]$ p]son71 any p]son1 bus9ess association1 or tru/ t acquires1 ?r\gh m]g]1 acquisition1 or o!r means1 n less ?an #be p]c5t ( ! assets ( t cov]$ p]son4 7#ba7 ,victim s]vices organization ,! t]m victim s]vices organization-- 7,a7 means a nonpr(it1 nongov]nm5tal organization t-- 7i7 provides assi/ance to a victim ( dome/ic viol5ce1 sexual assault1 or /alk+2 or 7ii7 advocates = a victim describ$ 9 clause 7i72 & 7,b7 includes-- 7i7 a rape crisis c5t]2 7ii7 an organization c>ry+ out a dome/ic viol5ce1 sexual assault1 or /alk+ prev5tion or treatm5t program2 7iii7 an organization op]at+ a %elt] or provid+ c\nsel+ s]vices2 & 7iv7 a legal s]vices organization or o!r organization provid+ assi/ance ?r\gh ! legal process4