,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ccee  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ai1 #bjai,mr4  
,g>ca ( ,ill9ois 7= himself1 ,mr4       
,khanna1 ,ms4 ,tlaib1 ,ms4 ,s*ak[sky1   
,ms4 ,ocasio-,cortez1 ,mr4 ,pocan1 ,mr4 
,coh51 ,ms4 ,jayapal1 ,mr4 ,c>son (     
,indiana1 ,mr4 ,de,saulnier1 ,ms4       
,pressley1 ,ms4 ,om>1 ,ms4 ,norton1 &   
,ms4 ,kaptur7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
prohibit public companies f repur*as+ _!
 %>es on ! op5 m>ket1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,rew>d ,"w ,act4  #b4 ,prohibition on 
/ock buybacks on ! op5 m>ket  7a7       
,def9itions ,9 ?is section--  7#a7 !    
t]ms equity security1 ex*ange1 & issu] h
 ! mean+s giv5 ! t]ms 9 section #c ( !  
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c72 &  7#b7 ! t]m national
 securities ex*ange means an ex*ange    
regi/]$ "u section #f ( ! ,securities   
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    

#gh;f74  7b7 ,prohibitions ,not)/&+ any 
o!r provision ( law1 no issu] may       
pur*ase an equity security ( ! issu] on 
a national securities ex*ange4  7c7 ,no 
=ce or effect ,section #bdj4aj;b-#ah (  
title #ag1 ,code ( ,f$]al ,regulations1 
%all h no =ce or effect4  7d7 ,rule (   
con/ruction ,no?+ 9 ?is section may be  
con/ru$ to affect t5d] (f]s subject to  
section #bdj4ac;e-#d & sections         
#bdj4ad;e-#a ?r\gh #bdj4ad;f-#a ( title 
#ag1 ,code ( ,f$]al ,regulations4  #c4  
,work] repres5tation on corporate bo>d (
 directors  7a7 ,def9itions ,9 ?is      
section-- 7#a7 ! t]m director has !     
mean+ giv5 ! t]m 9 section #c ( !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c72 &  7#b7 ! t]m employee
 has ! mean+ giv5 ! t]m 9 section #b ( !
 ,national ,labor ,relations ,act 7#bi  
,u4,s4,c4 #aeb74  7b7 ,regi/ration      
requirem5ts = securities ,section #ab ( 
! ,securities ,ex*ange ,act ( #aicd 7#ae
 ,u4,s4,c4 #ghl7 is am5d$ by add+ at !  
end ! foll[+3  7m7 ,no issu] may regi/] 

securities on a national ex*ange unless 
at lea/ #a_/c ( ! issu]'s directors are 
*os5 by ! issu+ company's employees 9 a 
"o-employee-"o-vote election process4  4
  7c7 ,policy ,! ,securities & ,ex*ange 
,commission1 9 consultation ) !         
,national ,labor ,relations ,bo>d1 %all 
promulgate regulations--  7#a7 to ensure
 t director elections at issu+ firms are
 fair & democratic2 &  7#b7 to ensure t 
#a_/c ( an issu]'s bo>d ( directors w be
 compos$ ( employee repres5tatives )9 #b
 ye>s ( ! date ( enactm5t ( ?is ,act4   
#d4 ,regulations ,! ,securities &       
,ex*ange ,commission %all promulgate    
regulations to direct national          
securities ex*anges & issu]s1 z def9$ 9 
section #b7;a71 to comply ) ?is ,act & !
 am5dm5ts made by ?is ,act4