Gig Worker Equity Compensation Act

Senate Bill 3931 - Gig Worker Equity Compensation Act: Overview, Status, and Impact

Hozzl · 2022-12-29T22:33:28Z

Explore the details of Senate Bill 3931 Gig Worker Equity Compensation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/29/2022, 10:33 PM

Congressional Summary of S 3931

Gig Worker Equity Compensation Act

This bill expands the existing Securities and Exchange Commission registration exemption for securities that are part of an employee-compensation package. Specifically, the bill applies this exemption to securities provided to independent contractors performing work for the issuer and to customers of the issuer.

The bill also requires the corresponding aggregate sales amount to be indexed for inflation annually instead of every 5 years as under current law.

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Current Status of Bill S 3931

Bill S 3931 is currently in the status of Bill Introduced since March 24, 2022. Bill S 3931 was introduced during Congress 117 and was introduced to the Senate on March 24, 2022. Bill S 3931's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of April 5, 2022

Bipartisan Support of Bill S 3931

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3931

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Employee benefits and pensions

- Inflation and prices

- Securities

- Securities and Exchange Commission (SEC)

- Self-employed

- Service industries

Alternate Title(s) of Bill S 3931

Gig Worker Equity Compensation Act

A bill to require the Securities and Exchange Commission to extend exemptions for securities offered as part of employee pay to other individuals providing goods for sale, labor, or services for remuneration, and for other purposes.