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To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
2/8/2022, 11:17 PM
Congressional Summary of HR 6339
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.
Read the Full Bill
Current Status of Bill HR 6339
Bill HR 6339 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6339 was introduced during Congress 116 and was introduced to the House on March 23, 2020. Bill HR 6339's most recent activity was Referred to the House Committee on Financial Services. as of March 23, 2020
Bipartisan Support of Bill HR 6339
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6339
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Cardiovascular and respiratory health
- Congressional oversight
- Corporate finance and management
- Emergency medical services and trauma care
- Infectious and parasitic diseases
- Securities
Alternate Title(s) of Bill HR 6339
To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.
Comments
Sponsors and Cosponsors of HR 6339
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