,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fhea  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ac1 #bjbj,ms4   
,ocasio-,cortez introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices  ,a ,,bill  ,to      
require major corporations receiv+      
,f$]al aid relat$ to ,,covid-#ai to make
 annual paym5ts ( equity to employees ( 
! corporation :ile su* aid is out/&+1 & 
= o!r purposes4  #a4 ,equity paym5ts to 
employees :ile receiv+ ,f$]al aid  7a7  
,9 g5]al ,any major corporation t       
receives ,f$]al aid relat$ to           
,,covid-#ai %all1 until ! date on :i*   
all su* ,f$]al aid is repaid to ! ,f$]al
 ,gov]nm5t1 make an annual grant (      
equity to ! employees ( ! corporation z 
provid$ "u ?is section4  7b7 ,paym5t    
am\nt  7#a7 ,total am\nt  7,a7 ,9 g5]al 
,! aggregate numb] ( %>es ( /ock grant$ 
by a corporation "u ?is section )       
respect to a ye> %all1 z a p]c5tage ( ! 
corporation's total %>es out/&+1 be     
equal to or great] ?an ! prior annual   

/ock grant p]c5tage4  7,b7 ,prior annual
 /ock grant p]c5tage ,9 ?is p>agraph1 ! 
t]m prior annual /ock grant p]c5tage    
means ! av]age1 ov] ! #c ye>s prec$+    
,janu>y #a1 #bjbj1 ( ! annual total     
numb] ( %>es ( /ock 9 any equity plans (
 ! corporation & %>es und]ly+ any /ock  
option plans ( ! corporation1 tak5      
toge!r1 z a p]c5t to ! corporation's    
total %>es out/&+4  7#b7 ,individual    
am\nts ,! equity grant = ea* individual 
employee %all be at lea/ 9 proportion to
 a =mula tak+ into acc\nt t employee's  
sal>y adju/$ = t5ure ) ea* ye> ( t5ure  
c\nt+ equally1 & ) a wage limit (       
#acg1gjj4  7c7 ,o!r requirem5ts &       
au?orities  7#a7 ,=m ( grant ,a grant ( 
equity "u ?is section %all be a grant ( 
:ole %>es ( /ock ?r\gh a re/rict$ /ock  
plan1 a lev]ag$ or non-lev]ag$ ,employee
 ,/ock ,own]%ip ,plan1 or a /ock bonus  
plan4  7#b7 ,prohibition on conditions  
,a grant ( equity to an employee "u ?is 
section may n be condition$ on ! pur*ase
 ( company /ock or any employee p]=mance

 evaluations ( any k9d4  7#c7 ,vot+ &   
divid5d rights ,equity grant$ "u ?is    
section %all be equal1 9 t]ms ( vot+    
rights & divid5d rights1 to ! class (   
securities ( ! corporation o!r ?an ^?   
issu$ "u ?is section t c>ry ! highe/    
vot+ rights & divid5d rights4  7#d7 ,"r 
to use ,f$]al aid ,9 ! case ( a lev]ag$ 
,employee ,/ock ,own]%ip ,plan1 ! ,f$]al
 aid relat$ to ,,covid-#ai may be us$ by
 ! corporation to f9ance ! ,employee    
,/ock ,own]%ip ,plan4  7d7 ,s5se (      
,congress ,x is ! s5se ( ! ,congress t  
annual grants ( equity made "u ?is      
section %\ld n sub/itute = any wages or 
b5efits ( any k9d t 7 "p ( ! total      
comp5sation ( an employee 9 ! ye> be=e  
su* grants are receiv$4  7e7 ,rulemak+2 
en=cem5t ,! ,securities & ,ex*ange      
,commission %all issue su* rules z may  
be necess>y to c>ry out ?is section &   
may en=ce ! requirem5ts ( ?is section4  
7f7 ,def9itions ,9 ?is ,section3 7#a7   
,employee ,! t]m employee-- 7,a7 means  
any full-"t or "p-"t employee 9 good /&+

 work+ = ! corporation on ! date ( !    
receipt ( ,f$]al aid relat$ to          
,,covid-#ai2 &  7,b7 does n include--   
7i7 any individual :o owns m ?an #e     
p]c5t ( ! vot+ %>es ( ! corporation2    
7ii7 a ,nam$ ,executive ,(fic]2 &  7iii7
 any managem5t employee p>ticipat+ 9 an 
equity comp5sation plan be=e !          
corporation receiv$ ! ,f$]al aid relat$ 
to ,,covid-#ai4  7#b7 ,f$]al aid ,! t]m 
,f$]al aid means any em]g5cy l5d+       
provid$ "u section #ac7c7 ( ! ,f$]al    
,res]ve ,act or any ,f$]al f9ancial     
support 9 ! =m ( a grant1 loan1 or loan 
gu>antee4  7#c7 ,major corporation ,!   
t]m major corporation means any issu]-- 
7,a7 ! securities ( :i* are trad$ on a  
national securities ex*ange2  7,b7 !    
securities ( :i* are requir$ to be      
regi/]$ ) ! ,securities & ,ex*ange      
,commission "u section #ab7;g7 or       
#ae7;d7 ( ! ,securities ,ex*ange ,act ( 
#aicd2 or  7,c7 t is an accel]at$ fil$1 
z def9$ 9 section #bdj4ab;b-#b ( title  
#ag1 ,code ( ,f$]al ,regulations4  7#d7 

,managem5t employee ,! t]m managem5t    
employee means any employee :o sup]vises
 ano!r employee4  7#e7 ,securities t]ms 
,! t]ms issu]1 national securities      
ex*ange1 & security h ! mean+ give ^?   
t]ms1 respectively1 "u section #c ( !   
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c74