SB5615: VEST Act Valuing Employee Stock Today Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Fair Labor Standards Act of 1938 to protect worker access to employer equity, and for other purposes.
Plain-language summary
The VEST Act (Valuing Employee Stock Today Act) would modify the Fair Labor Standards Act of 1938 to protect workers' access to employer equity, meaning stock or ownership shares in their company. Employer equity programs let workers buy company stock, sometimes at a discount or as part of compensation. The bill was introduced by Ashley Moody and is currently in the early legislative stage. The specific protections the bill would add are not detailed in the available information.
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SB5615: VEST Act Valuing Employee Stock Today Act