; and (2) limit the period of effectiveness of any action taken in response to the COVID–19 emergency to be not longer than 12-months following the end of the COVID–19 emergency period. (c) Voting by regulators Any action taken pursuant to this section by a Federal financial regulator headed by a multi-person entity may only be taken by unanimous vote. (d) Definitions In this section: (1) COVID–19 emergency period For purposes of this Act, the term COVID–19 emergency period means the period that begins upon the date of the enactment of this Act and ends upon the date of the termination by the Federal Emergency Management Agency of the emergency declared on March 13, 2020, by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 4121 et seq.) relating to the Coronavirus Disease 2019 (COVID–19) pandemic. (2) Federal financial regulator In this section, the term Federal financial regulator means the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection, the Department of Housing and Urban Development, the Department of the Treasury (other than the Internal Revenue Service), the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Office of the Comptroller of the Currency, the National Credit Union Administration, and the Securities and Exchange Commission. 402. Temporary ban on stock buybacks (a) In general It shall be unlawful for any issuer, the securities of which are traded on a national securities exchange, to purchase securities of the issuer during the period beginning on the date of enactment of this section and ending 120 days after the end of the COVID–19 emergency period. (b) Early termination The Securities and Exchange Commission may terminate the prohibition under subsection (a) after the end of the COVID–19 emergency period and before the end of the 120-day period described under subsection (a), if— (1) the Commission determines such termination is in the public interest