# 116-hr-6851: To require major corporations receiving Federal aid related to COVID-19 to make annual payments of equity to employees of the corporation while such aid is outstanding, and for other purposes.

116-hr-6851, To require major corporations receiving Federal aid related to COVID-19 to make annual payments of equity to employees of the corporation while such aid is outstanding, and for other purposes., is a 116th Congress bill sponsored by Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6851
- 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-6851
- Congress: 116
- Title: To require major corporations receiving Federal aid related to COVID-19 to make annual payments of equity to employees of the corporation while such aid is outstanding, and for other purposes.
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-05-13
- Sponsor: Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill requires a major corporation that receives federal aid related to COVID-19 (i.e., coronavirus disease 2019) to make an annual grant of equity to its employees until all such federal aid is repaid. A major corporation is a corporation that, among other things, has its securities traded on a national securities exchange, has to register its securities with the Securities and Exchange Commission, and has an aggregate market value of $75 million. The number of shares of stock such a corporation must grant to its employees shall be determined according to a specified formula. Such grant (1) shall be a grant of whole shares of stock; (2) may not be conditioned on the purchase of company stock or any employee performance evaluations; and (3) shall be equal, in terms of voting and dividend rights, to the class of securities otherwise issued by the corporation that carries the highest such rights.

## Related bills

- 116-hr-8793: Hurricane Eta Relief Act of 2020
- 116-hr-8729: Native American Language Resource Center Act
- 116-hr-8721: Public Banking Act of 2020
- 116-hr-8664: PPE for Safe Schools Act
- 116-hr-8626: Energy Resilient Communities Act
- 116-hr-8544: STRONG Support for Children Act of 2020

## Sources
- [116-hr-6851 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6851)

## Related
- [116-hr-8793: Hurricane Eta Relief Act of 2020](https://policyrisk.com/legislation/116-hr-8793)
- [116-hr-8729: Native American Language Resource Center Act](https://policyrisk.com/legislation/116-hr-8729)
- [116-hr-8721: Public Banking Act of 2020](https://policyrisk.com/legislation/116-hr-8721)
- [116-hr-8664: PPE for Safe Schools Act](https://policyrisk.com/legislation/116-hr-8664)
- [116-hr-8626: Energy Resilient Communities Act](https://policyrisk.com/legislation/116-hr-8626)
- [116-hr-8544: STRONG Support for Children Act of 2020](https://policyrisk.com/legislation/116-hr-8544)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6851 (as of 2025-11-18).