,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cica  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bd1    
#bjbb,ms4 ,lummis introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to require the ,securities and 
,exchange ,commission to extend         
exemptions for securities offered as    
part of employee pay to other           
individuals providing goods for sale1   
labor1 or services for remuneration1 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the ,gig     
,worker ,equity ,compensation ,act4  #b4
 ,extension of ,rule #gja  7a7 ,in      
general  7#a7 ,definition ,for purposes 
of this subsection1 the term customers1 
with respect to an issuer1 may1 at the  
election of the issuer1 include users of
 a platform of the issuer4  7#b7        
,application ,the exemption provided    
under section #bcj4gja of title #ag1    
,code of ,federal ,regulations1 or any  

successor regulation1 shall apply to    
individuals 7other than employees7      
providing goods for sale1 labor1 or     
services for remuneration to an issuer1 
or to customers of an issuer1 to the    
same extent as that exemption applies to
 employees of the issuer4  7b7          
,adjustment for inflation ,section #ejg 
of the ,economic ,growth1 ,regulatory   
,relief1 and ,consumer ,protection ,act 
7#ae ,u4,s4,c4 #gg;e note7 is amended1  
in the second sentence1 by striking     
every #e years and inserting annually4  
7c7 ,rulemaking  7#a7 ,proposed rules   
,not later than #bgj days after the date
 of enactment of this ,act1 the         
,commission shall issue proposed        
revisions to section #bcj4gja of title  
#ag1 ,code of ,federal ,regulations1 or 
any successor regulation-- 7,a7 to      
reflect the requirements of this        
section2 and  7,b7 that do not revise   
such section #bcj4gja in any manner that
 would have the effect of restricting   
access to equity compensation for       

employees or individuals described in   
subsection 7a74  7#b7 ,final rules ,not 
later than #bgj days after the date on  
which the ,commission issues the        
proposed revisions required under       
paragraph 7#a71 the ,commission shall   
issue a final version of those          
revisions4