(Bloomberg) –Two top Senate Democrats said they'll introduce legislation barring companies from buying back their own stock unless they first increase workers' pay and benefits, as the party seeks to frame 2020 election issues by spotlighting corporate responsibility.
Senate Minority Leader Chuck Schumer and Senator Bernie Sanders, who is considering a second run for the Democratic presidential nomination in 2020, wrote in a New York Times opinion piece Monday that their plan would require companies pursuing buybacks to take such actions as raising workers' minimum pay to $15 an hour, improving pensions or offering seven days of paid sick leave.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.