To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 23, 2020

This bill prohibits an issuer of securities from purchasing their own securities during the COVID-19 (i.e., coronavirus disease 2019) emergency period and for 120 days thereafter. The Securities and Exchange Commission (SEC) may terminate the ban before the end of this period if the SEC (1) determines doing so is in the public interest, and (2) provides notice.

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People & committees

Who introduced it

Rep. Casten, Sean [D-IL-6] · D–IL

Committees

Financial Services Committee

1 cosponsorship records, including any withdrawals

Rep. Waters, Maxine [D-CA-43]

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Mar 23, 2020
Referred to the House Committee on Financial Services.
Mar 23, 2020
Introduced in House
Mar 23, 2020
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Mar 23, 2020 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze H.R.6339 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.6339, 116th Congress: To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Official record: https://www.congress.gov/bill/116th-congress/house-bill/6339

Text version to examine: Introduced in House · 2020-03-23.

Official full text: https://www.congress.gov/116/bills/hr6339/BILLS-116hr6339ih.htm

Imported record last updated by the source: 2025-01-03T03:25:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.6339 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.6339 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.6339, 116th Congress: To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Official record: https://www.congress.gov/bill/116th-congress/house-bill/6339

Text version to examine: Introduced in House · 2020-03-23.

Official full text: https://www.congress.gov/116/bills/hr6339/BILLS-116hr6339ih.htm

Imported record last updated by the source: 2025-01-03T03:25:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.6339 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.6339 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.6339, 116th Congress: To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Official record: https://www.congress.gov/bill/116th-congress/house-bill/6339

Text version to examine: Introduced in House · 2020-03-23.

Official full text: https://www.congress.gov/116/bills/hr6339/BILLS-116hr6339ih.htm

Imported record last updated by the source: 2025-01-03T03:25:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.6339 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.6339 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.6339, 116th Congress: To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended.

Official record: https://www.congress.gov/bill/116th-congress/house-bill/6339

Text version to examine: Introduced in House · 2020-03-23.

Official full text: https://www.congress.gov/116/bills/hr6339/BILLS-116hr6339ih.htm

Imported record last updated by the source: 2025-01-03T03:25:16Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.6339 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.