CONGRESS FOR VOTERS

Jesús García (D-IL)

Reward Work Act

H.R. 8612 · House bill Finance and Financial Sector

A Democratic bill with 17 Democratic cosponsors · See all 17 cosponsors

Last activity — Referred to the House Committee on Financial Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Reward Work Act aims to prohibit public companies from repurchasing their own equity securities on a national securities exchange. It also requires that at least one-third of a company's board of directors be chosen by employees through a one-employee-one-vote election process. This change is required before a company can register securities on a national exchange. The Securities and Exchange Commission is tasked with creating regulations to ensure these elections are fair and democratic. These regulations must ensure the board composition requirements are met within two years of the Act's enactment.

Yes· 3 of 5

  • Scored +6

    Would union members be better off under this?

    The bill provides workers with direct democratic power to elect one-third of a company's board of directors.

  • Scored +5

    Does this strengthen the rights of workers to organise?

    The bill strengthens worker influence by requiring a democratic election process for one-third of corporate board members.

  • Scored +2

    Would households on low incomes be better off under this?

    The bill shifts corporate governance power toward employees rather than shareholders.

The opposite· 3 of 6

  • Scored -5

    Would people with substantial wealth be better off under this?

    The ban on repurchasing equity securities removes a major mechanism for increasing the value of large stock holdings.

  • Scored -5

    Would the very wealthiest people be better off under this?

    The bill restricts the ability of issuers to manipulate stock prices through buybacks, affecting wealthy investors.

  • Scored -5

    Would billionaires be better off under this?

    The prohibition on equity repurchases reduces the efficiency of common capital return strategies used by those with large equity stakes.