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Reward Work Act

12/29/2022, 1:34 PM

Summary of Bill HR 9149

The Reward Work Act, also known as Bill 117 hr 9149, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to promote fair wages and benefits for American workers.

One of the key provisions of the Reward Work Act is the establishment of a minimum wage increase to $15 per hour. This increase is aimed at ensuring that all workers are able to earn a living wage that allows them to support themselves and their families. Additionally, the bill includes provisions for annual cost-of-living adjustments to the minimum wage to keep pace with inflation.

Another important aspect of the Reward Work Act is the requirement for employers to provide paid sick leave and paid family leave to their employees. This is intended to ensure that workers have the ability to take time off when they are sick or need to care for a family member without fear of losing their income. The bill also includes measures to strengthen workers' rights to organize and collectively bargain for better wages and working conditions. This includes protections for workers who are retaliated against for participating in union activities. Overall, the Reward Work Act is aimed at promoting economic fairness and ensuring that all American workers are able to earn a fair wage and have access to essential benefits. It is currently being debated in Congress, and its ultimate fate will depend on the support of lawmakers from both parties.

Congressional Summary of HR 9149

Reward Work Act

This bill prohibits issuers from purchasing their own securities on a national exchange. The bill also requires one-third of an issuer's board of directors to be elected by employees in order for the issuer to be allowed to register securities.

Current Status of Bill HR 9149

Bill HR 9149 is currently in the status of Bill Introduced since October 7, 2022. Bill HR 9149 was introduced during Congress 117 and was introduced to the House on October 7, 2022.  Bill HR 9149's most recent activity was Referred to the House Committee on Financial Services. as of October 7, 2022

Bipartisan Support of Bill HR 9149

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
26
Democrat Cosponsors
26
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 9149

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 9149

Reward Work Act
Reward Work Act
To prohibit public companies from repurchasing their shares on the open market, and for other purposes.

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