What does Preamble of Reward Work Act do?

This bill aims to prohibit public companies from repurchasing their shares on the open market The bill has been introduced to the Committee on Financial Services

What does SHORT TITLE. of Reward Work Act do?

This Act is formally titled the 'Reward Work Act'.

What does PROHIBITION ON STOCK BUYBACKS ON THE OPEN MARKET. of Reward Work Act do?

This section prohibits issuers from purchasing their own equity securities on a national securities exchange. The section defines key terms such as 'equity security', 'exchange', and 'issuer' based on the Securities Exchange Act of 1934. A specific regulation, section 240.10b-18 of title 17, Code of Federal Regulations, is rendered without force or effect.

What does WORKER REPRESENTATION ON CORPORATE BOARD OF DIRECTORS. of Reward Work Act do?

This section amends the Securities Exchange Act of 1934 to require issuers to have at least 1/3 of their directors chosen by employees The selection process must be a one-employee-one-vote election The Securities and Exchange Commission must promulgate regulations to ensure fair and democratic director elections

What does REGULATIONS. of Reward Work Act do?

This section directs the Securities and Exchange Commission to create regulations. These regulations are intended to ensure compliance with this Act and its amendments. The regulations will apply to national securities exchanges and issuers as defined in section 2(a).

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Reward Work Act

Last updated: 4/30/2026 · Introduced: 4/30/2026

Author: Jesús García (D-IL)

TL;DR (AI)

This bill prohibits publicly traded companies from repurchasing their own shares on national securities exchanges.
It mandates that at least one-third of a company's directors be elected by employees through a one-employee-one-vote system.
The Securities and Exchange Commission is tasked with creating regulations to enforce the bill's provisions and ensure fair director elections.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 3 more.

5 sections

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