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116-hr-6339116th Congress

To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Sponsored By: Representative Casten, Sean [D-IL-6]

Unknown

Summary

This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Casten, Sean [D-IL-6]

IL • D

Cosponsors

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 5/8/2020

Roll Call Votes

No roll call votes available for this bill.

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