,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fcci  ,,in ,,the ,,house ,,of  
,,representatives  ,march #bc1 #bjbj,mr4
 ,casten of ,illinois introduced the    
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to temporarily ban stock    
buybacks until the impact of ,,covid-#ai
 on the ,american financial system has  
ended4  #a4 ,temporary ban on stock     
buybacks  7a7 ,in general ,it shall be  
unlawful for any issuer1 the securities 
of which are traded on a national       
securities exchange1 to purchase        
securities of the issuer during the     
period beginning on the date of         
enactment of this ,act and ending #abj  
days after the end of the ,,covid-#ai   
emergency period4  7b7 ,early           
termination ,the ,securities and        
,exchange ,commission may terminate the 
prohibition under subsection 7a7 after  
the end of the ,,covid-#ai emergency    
period and before the end of the        
#abj-;day period described under        

subsection 7a71 if-- 7#a7 the           
,commission determines such termination 
is in the public interest2 and  7#b7    
immediately notifies the ,congress and  
the public of such determination and the
 reason for such determination1         
including on the website of the         
,commission4  7c7 ,enforcement2         
rulemaking  7#a7 ,in general ,the       
,securities and ,exchange ,commission   
shall have the authority to enforce this
 ,act and may issue such rules as may be
 necessary to carry out this ,act4  7#b7
 ,commission voting ,any action taken by
 the ,commission pursuant to this       
section may only be taken upon a        
unanimous vote of the commissioners4    
7d7 ,definitions ,in this section3 7#a7 
,,covid-#ai emergency period ,the term  
,,covid-#ai emergency period means the  
period that begins upon the date of the 
enactment of this ,act and ends upon the
 date of the termination by the ,federal
 ,emergency ,management ,agency of the  
emergency declared on ,march #ac1 #bjbj1

 by the ,president under the ,robert ,t4
 ,stafford ,disaster ,relief and        
,emergency ,assistance ,act 7#db        
,u4,s4,c4 #daba et seq47 relating to the
 ,coronavirus ,disease #bjai            
7,,covid-#ai7 pandemic4  7#b7 ,other    
definitions ,the terms issuer1 national 
securities exchange1 and security have  
the meaning given those terms1          
respectively1 under section #c of the   
,securities ,exchange ,act of #aicd4