5 percentage points. (8) Left unaddressed, the patterns of corporate excess and growing wealth inequality described in this section will worsen and workers will continue to contribute to corporate profits without sharing in those profits. 3. Repurchase of common stock (a) Repeal of safe harbor Section 240.10b–18 of title 17, Code of Federal Regulations, shall have no force or effect. (b) Disclosure and other requirements The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq.) is amended by inserting after section 9 ( 15 U.S.C. 78i ) the following: 9A. Issuer common stock repurchases (a) Definitions (1) In general Except as provided in paragraph (2), in this section, the definitions of terms in section 240.10b–18(a) of title 17, Code of Federal Regulations, as in effect on the day before the date of enactment of this section, shall apply to any such term that appears in this section. (2) Covered purchase The term covered purchase — (A) means a purchase (or any bid or limit order that would effect such purchase) of the common stock of an issuer (or an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a depository share) by or for the issuer or any affiliated purchaser (including riskless principal transactions)