Senators Chuck Schumer andBernie Sanders say their plan would require companies pursuingbuybacks to take such actions as raising workers' minimum pay to$15 an hour, improving pensions or offering seven days of paid sickleave. (Photo: Diego M. Radzinschi/ALM)

(Bloomberg) –Two top Senate Democrats said they'll introducelegislation barring companies from buying back their own stock unless they first increase workers' payand benefits, as the party seeks to frame 2020 election issues byspotlighting corporate responsibility.

Senate Minority Leader Chuck Schumer and Senator Bernie Sanders,who is considering a second run for the Democratic presidentialnomination in 2020, wrote in a New York Times opinion piece Monday that their plan wouldrequire companies pursuing buybacks to take such actions as raisingworkers' minimum pay to $15 an hour, improving pensions or offeringseven days of paid sick leave.

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