U.S. Congress legislation · 119th Congress
SB5615: VEST Act
Status: In committee, September 30, 2026
A bill to amend the Fair Labor Standards Act of 1938 to protect worker access to employer equity, and for other purposes.
What the bill says
To amend the Fair Labor Standards Act of 1938 to protect worker access to employer equity, and for other purposes.
From the introduced text, September 30, 2026:
A BILL To amend the Fair Labor Standards Act of 1938 to protect worker access to employer equity, and for other purposes. SECTION 1. Short title This Act may be cited as the Valuing Employee Stock Today Act or the VEST Act . SECTION 2. Findings Congress finds the following: (1) The Worker Economic Opportunity Act ( Public Law 106-202 ), enacted on May 18, 2000, amended section 7(e) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 207(e) ) by adding a new paragraph (8) to such section 7(e) to exempt any value or income derived from employer-provided grants or rights provided pursuant to a stock option, stock appreciation right, or bona fide employee stock purchase program from the determination of an employee's regular rate for purposes of calculating such employee's overtime compensation. (2) The lack of explicit mention of restricted stock units in paragraph (8) of section 7(e) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 207(e) ), as added by the Worker Economic Opportunity Act ( Public Law 106-202 ), was not an intentional exclusion from such paragraph (8), but a reflection that this type of equity award was not commonly used as of the date of enactment of the Worker Economic Opportunity Act ( Public Law 106-202 ). (3) Congress clearly …
Sponsors
- Moody, Ashley (R) · primary sponsor
Latest actions
- : Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- : Introduced in Senate
Subjects: Labor and Employment
Common questions
- What is SB5615?
- SB5615 is a bill in Congress (119th Congress): VEST Act.
- What does SB5615 do?
- In its own words: To amend the Fair Labor Standards Act of 1938 to protect worker access to employer equity, and for other purposes.
- What is the status of SB5615?
- In committee as of September 30, 2026. Latest action: Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (September 30, 2026).
- Who sponsored SB5615?
- Moody, Ashley (R).
- Where is the official record for SB5615?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5615
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.