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.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill would require large corporations receiving federal COVID-19 relief to give annual equity payments to their employees as long as they continue to receive that aid. These payments would be calculated based on employee salaries and tenure, with a maximum annual grant equal to the corporation’s average stock grant over the previous three years. The equity grants must be equivalent in voting and dividend rights to the corporation’s other shares and cannot be tied to stock purchases or performance evaluations. Congress believes these grants should not replace regular wages or benefits.
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