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Gig Worker Equity: New Compensation Opportunities

This act aims to allow individuals working for digital platforms (e.g., drivers, delivery personnel) to receive company stock as part of their compensation, similar to traditional employees. This means these individuals can become co-owners of the companies they provide services for, potentially impacting their personal finances and sense of stability.
Key points
Individuals providing services for platform companies can receive company stock as part of their pay.
Rules for equity compensation for employees will be extended to include gig workers.
Regulations on stock value limits will be adjusted annually for inflation, instead of every five years.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_3931
Sponsor: Sen. Lummis, Cynthia M. [R-WY]
Process start date: 2022-03-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Gig Worker Equity Compensation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3931.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-24.

What are the main provisions?

Key points include:

  • Individuals providing services for platform companies can receive company stock as part of their pay.
  • Rules for equity compensation for employees will be extended to include gig workers.
  • Regulations on stock value limits will be adjusted annually for inflation, instead of every five years.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Lummis, Cynthia M. [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Economy