,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fhea  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ac1 #bjbj,ms4  
,ocasio-,cortez introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to require major corporations  
receiving ,federal aid related to       
,,covid-#ai to make annual payments of  
equity to employees of the corporation  
while such aid is outstanding1 and for  
other purposes4  #a4 ,equity payments to
 employees while receiving ,federal aid 
7a7 ,in general ,any major corporation  
that receives ,federal aid related to   
,,covid-#ai shall1 until the date on    
which all such ,federal aid is repaid to
 the ,federal ,government1 make an      
annual grant of equity to the employees 
of the corporation as provided under    
this section4  7b7 ,payment amount  7#a7
 ,total amount  7,a7 ,in general ,the   
aggregate number of shares of stock     
granted by a corporation under this     
section with respect to a year shall1 as

 a percentage of the corporation's total
 shares outstanding1 be equal to or     
greater than the prior annual stock     
grant percentage4  7,b7 ,prior annual   
stock grant percentage ,in this         
paragraph1 the term prior annual stock  
grant percentage means the average1 over
 the #c years preceding ,january #a1    
#bjbj1 of the annual total number of    
shares of stock in any equity plans of  
the corporation and shares underlying   
any stock option plans of the           
corporation1 taken together1 as a       
percent to the corporation's total      
shares outstanding4  7#b7 ,individual   
amounts ,the equity grant for each      
individual employee shall be at least in
 proportion to a formula taking into    
account that employee's salary adjusted 
for tenure with each year of tenure     
counting equally1 and with a wage limit 
of #acg1gjj4  7c7 ,other requirements   
and authorities  7#a7 ,form of grant ,a 
grant of equity under this section shall
 be a grant of whole shares of stock    

through a restricted stock plan1 a      
leveraged or non-leveraged ,employee    
,stock ,ownership ,plan1 or a stock     
bonus plan4  7#b7 ,prohibition on       
conditions ,a grant of equity to an     
employee under this section may not be  
conditioned on the purchase of company  
stock or any employee performance       
evaluations of any kind4  7#c7 ,voting  
and dividend rights ,equity granted     
under this section shall be equal1 in   
terms of voting rights and dividend     
rights1 to the class of securities of   
the corporation other than those issued 
under this section that carry the       
highest voting rights and dividend      
rights4  7#d7 ,right to use ,federal aid
 ,in the case of a leveraged ,employee  
,stock ,ownership ,plan1 the ,federal   
aid related to ,,covid-#ai may be used  
by the corporation to finance the       
,employee ,stock ,ownership ,plan4  7d7 
,sense of ,congress ,it is the sense of 
the ,congress that annual grants of     
equity made under this section should   

not substitute for any wages or benefits
 of any kind that were part of the total
 compensation of an employee in the year
 before such grants are received4  7e7  
,rulemaking2 enforcement ,the           
,securities and ,exchange ,commission   
shall issue such rules as may be        
necessary to carry out this section and 
may enforce the requirements of this    
section4  7f7 ,definitions ,in this     
,section3 7#a7 ,employee ,the term      
employee-- 7,a7 means any full-time or  
part-time employee in good standing     
working for the corporation on the date 
of the receipt of ,federal aid related  
to ,,covid-#ai2 and  7,b7 does not      
include-- 7i7 any individual who owns   
more than #e percent of the voting      
shares of the corporation2  7ii7 a      
,named ,executive ,officer2 and  7iii7  
any management employee participating in
 an equity compensation plan before the 
corporation received the ,federal aid   
related to ,,covid-#ai4  7#b7 ,federal  
aid ,the term ,federal aid means any    

emergency lending provided under section
 #ac7c7 of the ,federal ,reserve ,act or
 any ,federal financial support in the  
form of a grant1 loan1 or loan          
guarantee4  7#c7 ,major corporation ,the
 term major corporation means any       
issuer-- 7,a7 the securities of which   
are traded on a national securities     
exchange2  7,b7 the securities of which 
are required to be registered with the  
,securities and ,exchange ,commission   
under section #ab7;g7 or #ae7;d7 of the 
,securities ,exchange ,act of #aicd2 or 
7,c7 that is an accelerated filed1 as   
defined in section #bdj4ab;b-#b of title
 #ag1 ,code of ,federal ,regulations4   
7#d7 ,management employee ,the term     
management employee means any employee  
who supervises another employee4  7#e7  
,securities terms ,the terms issuer1    
national securities exchange1 and       
security have the meaning give those    
terms1 respectively1 under section #c of
 the ,securities ,exchange ,act of #aicd
 7#ae ,u4,s4,c4 #gh;c74