McHenry: We Should Be Identifying Solutions That Strengthen Our Economic Recovery
Washington,
September 17, 2020 -
Today, the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets is holding a virtual hearing where Republican Members will focus on solutions to strengthen our economic recovery and ensure all hardworking Americans share in our comeback. This morning, Ranking Republican Patrick McHenry (NC-10) introduced H.R. 8280, the Gig Worker Equity Compensation Act, a bill to do just that. This legislation will allow the growing gig workforce to share in the same economic benefits that businesses provide to their traditional employees.
Watch Ranking Republican Patrick McHenry’s opening remarks here.
Ranking Member McHenry’s opening remarks as prepared for delivery:
“Thank you, Mr. Huizenga, for yielding.
“Look, we can all agree that insider trading is bad. The SEC is doing its job to pursue bad actors.
“What we should be spending our time on is identifying solutions that strengthen our economic recovery and help all workers share in our comeback.
“In fact, today I introduced a bill to do just that. The Gig Worker Equity Compensation Act.
“Today, an increasing share of our workforce does not want to be bound by traditional constraints such as an office, set hours, or a traditional employer-employee relationship.
“These gig workers are critical in our technology-driven world.
"My bill allows gig workers, such as ride-share drivers or food-delivery couriers, to share in the same economic benefits—the upside potential—of owning the businesses they're helping to improve.
“Today’s hearing should be focused on these types of solutions that reflect, and support, today’s workforce.
“I yield back.”
