Referred to the House Committee on Financial Services.
Summary
The bill would prohibit publicly traded firms from repurchasing their own shares on a national securities exchange and would require that at least one‑third of a company’s board of directors be chosen by its workers through a one‑employee‑one‑vote election. It also orders the SEC, in partnership with the NLRB, to issue regulations to enforce these rules. The goal is to curb share‑buyback practices and give workers a stronger voice in corporate decisions.
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