,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hbhj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ag1        
#bjbj,mr4 ,mc,henry 7= himself & ,mr4   
,/iv]s7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices1 & 9 addition to ! ,committee  
on ,education & ,labor1 = a p]iod to be 
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to require !       
,securities & ,ex*ange ,commission to   
ext5d exemptions = securities (f]$ z "p 
( employee pay to o!r individuals       
provid+ goods = sale1 labor1 or s]vices 
= remun]ation1 to preempt c]ta9         
provisions ( ,/ate law ) respect to wage
 rates & b5efits1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,gig ,work] ,equity ,comp5sation ,act4  
#b4 ,ext5sion ( ,rule #gja  7a7 ,9 g5]al
 ,! exemption provid$ "u section        
#bcj4gja ( title #ag1 ,code ( ,f$]al    
,regulations1 %all apply to individuals 

7o!r ?an employees7 provid+ goods =     
sale1 labor1 or s]vices = remun]ation to
 ei!r an issu] or to cu/om]s ( an issu] 
to ! same ext5t z su* exemptions apply  
to employees ( ! issu]4 ,= purposes ( ! 
previ\s s5t5ce1 ! t]m cu/om]s may1 at ! 
election ( an issu]1 include us]s ( !   
issu]'s plat=m4  7b7 ,adju/m5t =        
inflation ,! ,securities & ,ex*ange     
,commission %all annually adju/ ! doll> 
figure "u section #bcj4gja7;e7 ( title  
#ag1 ,code ( ,f$]al ,regulations1 to    
reflect ! p]c5tage *ange 9 ! ,consum]   
,price ,index = ,all ,urban ,consum]s   
publi%$ by ! ,bureau ( ,labor ,/ati/ics 
( ! ,dep>tm5t ( ,labor4  7c7 ,rulemak+  
,! ,securities & ,ex*ange ,commission-- 
7#a7 %all revise section #bcj4gja (     
title #ag1 ,code ( ,f$]al ,regulations1 
to reflect ! requirem5ts ( ?is section2 
&  7#b7 may n revise su* section        
#bcj4gja 9 any mann] t w\ld h ! effect (
 re/rict+ access to equity comp5sation =
 employees or individuals describ$ "u   
subsection 7a74  #c4 ,preemption ( c]ta9

 provisions ( ,/ate law ,any provision (
 a ,/ate law ) respect to wage rates or 
b5efits t creates a presumption t an    
individual provid+ goods = sale1 labor1 
or s]vices = remun]ation = a p]son is an
 employee ( su* p]son "u su* law is     
preempt$4  #d4 ,,gao /udy ,n lat] ?an ! 
end ( ! #c-ye> p]iod beg9n+ on ! date ( 
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all c>ry out a
 /udy on ! effects ( ?is ,act & submit a
 report on su* /udy to ! ,congress4