,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ccee  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ai1 #bjai,mr4 
,garca of ,illinois 7for himself1 ,mr4  
,khanna1 ,ms4 ,tlaib1 ,ms4 ,schakowsky1 
,ms4 ,ocasio-,cortez1 ,mr4 ,pocan1 ,mr4 
,cohen1 ,ms4 ,jayapal1 ,mr4 ,carson of  
,indiana1 ,mr4 ,de,saulnier1 ,ms4       
,pressley1 ,ms4 ,omar1 ,ms4 ,norton1 and
 ,ms4 ,kaptur7 introduced the following 
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to prohibit public companies   
from repurchasing their shares on the   
open market1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,reward ,work ,act4  #b4        
,prohibition on stock buybacks on the   
open market  7a7 ,definitions ,in this  
section--  7#a7 the terms equity        
security1 exchange1 and issuer have the 
meanings given the terms in section #c  
of the ,securities ,exchange ,act of    
#aicd 7#ae ,u4,s4,c4 #gh;c72 and  7#b7  
the term national securities exchange   

means an exchange registered under      
section #f of the ,securities ,exchange 
,act of #aicd 7#ae ,u4,s4,c4 #gh;f74    
7b7 ,prohibitions ,notwithstanding any  
other provision of law1 no issuer may   
purchase an equity security of the      
issuer on a national securities         
exchange4  7c7 ,no force or effect      
,section #bdj4aj;b-#ah of title #ag1    
,code of ,federal ,regulations1 shall   
have no force or effect4  7d7 ,rule of  
construction ,nothing in this section   
may be construed to affect tender offers
 subject to section #bdj4ac;e-#d and    
sections #bdj4ad;e-#a through           
#bdj4ad;f-#a of title #ag1 ,code of     
,federal ,regulations4  #c4 ,worker     
representation on corporate board of    
directors  7a7 ,definitions ,in this    
section-- 7#a7 the term director has the
 meaning given the term in section #c of
 the ,securities ,exchange ,act of #aicd
 7#ae ,u4,s4,c4 #gh;c72 and  7#b7 the   
term employee has the meaning given the 
term in section #b of the ,national     

,labor ,relations ,act 7#bi ,u4,s4,c4   
#aeb74  7b7 ,registration requirements  
for securities ,section #ab of the      
,securities ,exchange ,act of #aicd 7#ae
 ,u4,s4,c4 #ghl7 is amended by adding at
 the end the following3  7m7 ,no issuer 
may register securities on a national   
exchange unless at least #a_/c of the   
issuer's directors are chosen by the    
issuing company's employees in a        
one-employee-one-vote election process4 
4  7c7 ,policy ,the ,securities and     
,exchange ,commission1 in consultation  
with the ,national ,labor ,relations    
,board1 shall promulgate regulations--  
7#a7 to ensure that director elections  
at issuing firms are fair and           
democratic2 and  7#b7 to ensure that    
#a_/c of an issuer's board of directors 
will be composed of employee            
representatives within #b years of the  
date of enactment of this ,act4  #d4    
,regulations ,the ,securities and       
,exchange ,commission shall promulgate  
regulations to direct national          

securities exchanges and issuers1 as    
defined in section #b7;a71 to comply    
with this ,act and the amendments made  
by this ,act4