Keep the Market Fair Act
SENATE BILL
To increase worker representation and ensure wage fairness
Be it enacted,
Section I: Repeal1. F.L. 36-04/SB 109-03 Keep the Market Free Act is hereby repealed.
Section II: Reform1. F.L. 35-17/SB 108-06 Worker Representation Act shall be amended as follows:
1. Not less than three-fifths two-fifths of the directors of a corporation, LLC, or for-profit company shall be elected by the employees of the corporation using an election process. A director elected by the employees shall have the same rights and powers and shall be subject to the same duties and responsibilities as a director elected by the stockholders. This rule is not applicable to worker cooperatives, worker-owned enterprises, or any company in the process of transitioning to a worker cooperative or worker-owned enterprise.
Section III: Implementation1. This act takes effect immediately.
Sponsor: Laki (Originally Pyro)
Occupying: Slot 7