# 119-hr-8612: Reward Work Act

119-hr-8612, Reward Work Act, is a 119th Congress bill sponsored by Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8612
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8612
- Congress: 119
- Title: Reward Work Act
- Status: introduced
- Introduced: 2026-04-30
- Sponsor: Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL)
- Cosponsors: 17
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Bans public-company stock buybacks on national securities exchanges.** It would also require employees to elect one-third of a public company's board through one-employee-one-vote elections.

## Cosponsors (17)

- Rep. Khanna, Ro [D-CA-17] (D-CA), 2026-04-30T00:00:00.000Z
- Rep. Hoyle, Val T. [D-OR-4] (D-OR), 2026-04-30T00:00:00.000Z
- Rep. Pocan, Mark [D-WI-2] (D-WI), 2026-05-11T00:00:00.000Z
- Rep. Casar, Greg [D-TX-35] (D-TX), 2026-05-11T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-05-11T00:00:00.000Z
- Rep. Johnson, Henry C. "Hank" [D-GA-4] (D-GA), 2026-05-11T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2026-05-13T00:00:00.000Z
- Rep. Grijalva, Adelita S. [D-AZ-7] (D-AZ), 2026-05-14T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2026-05-19T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-05-19T00:00:00.000Z
- Rep. Lee, Summer L. [D-PA-12] (D-PA), 2026-06-04T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2026-06-04T00:00:00.000Z
- Rep. Ramirez, Delia C. [D-IL-3] (D-IL), 2026-06-09T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2026-06-09T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2026-06-10T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2026-06-10T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-06-29T00:00:00.000Z

## Provisions PRIA read

- Ban on stock buybacks: mixed, high. If enacted, the bill would ban any issuer from buying its own shares on a national securities exchange. It would nullify 17 C.F.R. §240.10b-18 so the repurchase safe harbor no longer applies. Tender offers would still be allowed under existing rules. The SEC would be required to write rules telling…
- Employees elect one-third of board: mixed, high. If enacted, the bill would bar an issuer from registering securities on a national exchange unless at least one-third of its directors are chosen by the company's employees in one-employee–one-vote elections. The bill would define "employee" to include workers covered by the National Labor Relation…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-3971: Domestic Workers Bill of Rights Act
- 119-hr-3069: Medicare for All Act
- 119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025
- 119-hr-51: Washington, D.C. Admission Act

## Sources
- [119-hr-8612 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8612)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-2045: Medicare Dental, Vision, and Hearing Benefit Act of 2025](https://policyrisk.com/legislation/119-hr-2045)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8612 (as of 2026-09-21).