# 116-hr-6339: To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

116-hr-6339, To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended., is a 116th Congress bill sponsored by Rep. Casten, Sean [D-IL-6] (D-IL); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6339
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6339
- Congress: 116
- Title: To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-03-23
- Sponsor: Rep. Casten, Sean [D-IL-6] (D-IL)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (1)

- Rep. Waters, Maxine [D-CA-43] (D-CA), 2020-05-08T00:00:00.000Z

## Related bills

- 116-hr-8015: Delivering for America Act
- 116-hr-7517: Protect Access to Birth Control Act
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-2: Moving Forward Act
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-7092: Great American Outdoors Act

## Sources
- [116-hr-6339 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6339)

## Related
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7517: Protect Access to Birth Control Act](https://policyrisk.com/legislation/116-hr-7517)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-2: Moving Forward Act](https://policyrisk.com/legislation/116-hr-2)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6339 (as of 2025-11-18).