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S. 4995IntroducedSenate · nowHousePresidentLawIn committee
Sec. 103 · S. 4995

Prohibition on stock buybacks while receiving USDA funds

Title I — Fair USDA Procurement and Contracting

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(a) Definitions In this section: (1) Equity security; exchange; issuer The terms equity security, exchange, and issuer have the meanings given the terms in section 3 of the Securities Exchange Act of 1934 (15 U.S.C. 78c). (2) National security exchange The term national securities exchange means an exchange registered under section 6 of the Securities Exchange Act of 1934 (15 U.S.C. 78f). (b) Prohibitions Notwithstanding any other provision of law, during any period that an agricultural issuer has a contract or receives funding from the Department of Agriculture, the agricultural issuer may not— (1) purchase an equity security of the issuer or any parent company of the issuer on a national securities exchange; or (2) pay dividends or other capital distributions on an equity security of the issuer.

Sec. 103: Prohibition on stock buybacks while receiving USDA funds · Public Law Tracker