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Richard Stallman's Political Notes

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Buyback limits

vendredi 2 juin 2023 à 08:47

Comparing two proposed laws to limit stock buybacks by corporations.

The Stock Buyback Accountability Act of 2023 would impose a tax on buybacks, as well as certain situations when this tax would not apply (i.e. if the buyback were part of an employer-sponsored retirement plan or employee stock options plan).

The Reward Work Act would prevent issuers from buying their own securities on a national exchange:

I think the two are complementary.