A bill to amend the Fair Labor Standards Act of 1938 to protect worker access to employer equity, and for other purposes.
Latest action (30 Sep 2026): Introduced
What this bill does
This bill, S. 5615, introduced by Senator Ashley Moody, proposes to make changes to the Fair Labor Standards Act of 1938. The stated purpose of the bill is to safeguard workers' ability to access equity offered by their employers. The full details of these proposed changes are not yet publicly available as the official text of the bill has not been published.
As the bill's provisions are not yet known, it is unclear exactly which workers or employers would be affected by these amendments. However, the title suggests that the changes would relate to how employees can obtain or benefit from equity, which could potentially involve stock options, ownership stakes, or other forms of financial participation in a company.
Currently, S. 5615 has been introduced in the 119th Congress. Its status is "Introduced," meaning it has just been formally presented to the Senate. Following introduction, bills typically undergo a legislative process that can include referral to committees, hearings, debate, and votes in both the Senate and the House of Representatives before potentially becoming law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 30, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5615 do?
- This bill, S. 5615, introduced by Senator Ashley Moody, proposes to make changes to the Fair Labor Standards Act of 1938. The stated purpose of the bill is to safeguard workers' ability to access equity offered by their employers. The full details of these proposed changes are not yet publicly available as the official text of the bill has not been published. As the bill's provisions are not yet known, it is unclear exactly which workers or employers would be affected by these amendments. However, the title suggests that the changes would relate to how employees can obtain or benefit from equity, which could potentially involve stock options, ownership stakes, or other forms of financial participation in a company. Currently, S. 5615 has been introduced in the 119th Congress. Its status is "Introduced," meaning it has just been formally presented to the Senate. Following introduction, bills typically undergo a legislative process that can include referral to committees, hearings, debate, and votes in both the Senate and the House of Representatives before potentially becoming law.
- Has S. 5615 become law?
- Not yet. As of 30 Sep 2026, S. 5615 is introduced.
- Who sponsored S. 5615?
- S. 5615 was sponsored by Sen. Ashley Moody [R-FL] (Republican-FL), with 0 cosponsors.
- What's the latest action on S. 5615?
- Introduced (30 Sep 2026).
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