diff --git a/packages/eslint-plugin-react-hooks/__tests__/ESLintRuleExhaustiveDeps-test.js b/packages/eslint-plugin-react-hooks/__tests__/ESLintRuleExhaustiveDeps-test.js
index 5c3c64c173fa9..2f9764a74db19 100644
--- a/packages/eslint-plugin-react-hooks/__tests__/ESLintRuleExhaustiveDeps-test.js
+++ b/packages/eslint-plugin-react-hooks/__tests__/ESLintRuleExhaustiveDeps-test.js
@@ -1630,7 +1630,7 @@ const tests = {
                     }, 1000);
                     return () => clearInterval(id);
                   }, [setCount]);
-        
+
                   return <h1>{count}</h1>;
                 }
               `,
@@ -7630,6 +7630,24 @@ const tests = {
   ],
 };
 
+if (__EXPERIMENTAL__) {
+  tests.valid = [
+    ...tests.valid,
+    {
+      code: normalizeIndent`
+      function MyComponent({ theme }) {
+        const onStuff = useEvent(() => {
+          showNotification(theme);
+        });
+        useEffect(() => {
+          onStuff();
+        }, []);
+      }
+    `,
+    },
+  ];
+}
+
 // Tests that are only valid/invalid across parsers supporting Flow
 const testsFlow = {
   valid: [
diff --git a/packages/eslint-plugin-react-hooks/__tests__/ESLintRulesOfHooks-test.js b/packages/eslint-plugin-react-hooks/__tests__/ESLintRulesOfHooks-test.js
index ee220fa5dba3c..16bec9eb588a9 100644
--- a/packages/eslint-plugin-react-hooks/__tests__/ESLintRulesOfHooks-test.js
+++ b/packages/eslint-plugin-react-hooks/__tests__/ESLintRulesOfHooks-test.js
@@ -449,7 +449,7 @@ const tests = {
     },
     {
       code: `
-        // This is a false positive (it's valid) that unfortunately 
+        // This is a false positive (it's valid) that unfortunately
         // we cannot avoid. Prefer to rename it to not start with "use"
         class Foo extends Component {
           render() {
@@ -974,6 +974,154 @@ const tests = {
   ],
 };
 
+if (__EXPERIMENTAL__) {
+  tests.valid = [
+    ...tests.valid,
+    `
+    // Valid because functions created with useEvent can be called in a useEffect.
+    function MyComponent({ theme }) {
+      const onClick = useEvent(() => {
+        showNotification(theme);
+      });
+      useEffect(() => {
+        onClick();
+      });
+    }
+  `,
+    `
+    // Valid because functions created with useEvent can be called in closures.
+    function MyComponent({ theme }) {
+      const onClick = useEvent(() => {
+        showNotification(theme);
+      });
+      return <Child onClick={() => onClick()}></Child>;
+    }
+  `,
+    `
+    // Valid because functions created with useEvent can be called in closures.
+    function MyComponent({ theme }) {
+      const onClick = useEvent(() => {
+        showNotification(theme);
+      });
+      const onClick2 = () => { onClick() };
+      const onClick3 = useCallback(() => onClick(), []);
+      return <>
+        <Child onClick={onClick2}></Child>
+        <Child onClick={onClick3}></Child>
+      </>;
+    }
+  `,
+    `
+    // Valid because functions created with useEvent can be passed by reference in useEffect
+    // and useEvent.
+    function MyComponent({ theme }) {
+      const onClick = useEvent(() => {
+        showNotification(theme);
+      });
+      const onClick2 = useEvent(() => {
+        debounce(onClick);
+      });
+      useEffect(() => {
+        let id = setInterval(onClick, 100);
+        return () => clearInterval(onClick);
+      }, []);
+      return <Child onClick={() => onClick2()} />
+    }
+  `,
+    `
+    const MyComponent = ({theme}) => {
+      const onClick = useEvent(() => {
+        showNotification(theme);
+      });
+      return <Child onClick={() => onClick()}></Child>;
+    };
+  `,
+    `
+    function MyComponent({ theme }) {
+      const notificationService = useNotifications();
+      const showNotification = useEvent((text) => {
+        notificationService.notify(theme, text);
+      });
+      const onClick = useEvent((text) => {
+        showNotification(text);
+      });
+      return <Child onClick={(text) => onClick(text)} />
+    }
+  `,
+    `
+    function MyComponent({ theme }) {
+      useEffect(() => {
+        onClick();
+      });
+      const onClick = useEvent(() => {
+        showNotification(theme);
+      });
+    }
+  `,
+  ];
+  tests.invalid = [
+    ...tests.invalid,
+    {
+      code: `
+      function MyComponent({ theme }) {
+        const onClick = useEvent(() => {
+          showNotification(theme);
+        });
+        return <Child onClick={onClick}></Child>;
+      }
+    `,
+      errors: [useEventError('onClick')],
+    },
+    {
+      code: `
+      // This should error even though it shares an identifier name with the below
+      function MyComponent({theme}) {
+        const onClick = useEvent(() => {
+          showNotification(theme)
+        });
+        return <Child onClick={onClick} />
+      }
+
+      // The useEvent function shares an identifier name with the above
+      function MyOtherComponent({theme}) {
+        const onClick = useEvent(() => {
+          showNotification(theme)
+        });
+        return <Child onClick={() => onClick()} />
+      }
+    `,
+      errors: [{...useEventError('onClick'), line: 4}],
+    },
+    {
+      code: `
+      const MyComponent = ({ theme }) => {
+        const onClick = useEvent(() => {
+          showNotification(theme);
+        });
+        return <Child onClick={onClick}></Child>;
+      }
+    `,
+      errors: [useEventError('onClick')],
+    },
+    {
+      code: `
+      // Invalid because onClick is being aliased to foo but not invoked
+      function MyComponent({ theme }) {
+        const onClick = useEvent(() => {
+          showNotification(theme);
+        });
+        let foo;
+        useEffect(() => {
+          foo = onClick;
+        });
+        return <Bar onClick={foo} />
+      }
+    `,
+      errors: [useEventError('onClick')],
+    },
+  ];
+}
+
 function conditionalError(hook, hasPreviousFinalizer = false) {
   return {
     message:
@@ -1031,6 +1179,14 @@ function classError(hook) {
   };
 }
 
+function useEventError(fn) {
+  return {
+    message:
+      `\`${fn}\` is a function created with React Hook "useEvent", and can only be called from ` +
+      'the same component. They cannot be assigned to variables or passed down.',
+  };
+}
+
 // For easier local testing
 if (!process.env.CI) {
   let only = [];
diff --git a/packages/eslint-plugin-react-hooks/src/ExhaustiveDeps.js b/packages/eslint-plugin-react-hooks/src/ExhaustiveDeps.js
index c2341886872c1..2ebaf21c62c30 100644
--- a/packages/eslint-plugin-react-hooks/src/ExhaustiveDeps.js
+++ b/packages/eslint-plugin-react-hooks/src/ExhaustiveDeps.js
@@ -157,6 +157,8 @@ export default {
       //               ^^^ true for this reference
       // const ref = useRef()
       //       ^^^ true for this reference
+      // const onStuff = useEvent(() => {})
+      //       ^^^ true for this reference
       // False for everything else.
       function isStableKnownHookValue(resolved) {
         if (!isArray(resolved.defs)) {
@@ -223,6 +225,9 @@ export default {
         if (name === 'useRef' && id.type === 'Identifier') {
           // useRef() return value is stable.
           return true;
+        } else if (isUseEventIdentifier(callee) && id.type === 'Identifier') {
+          // useEvent() return value is stable.
+          return true;
         } else if (name === 'useState' || name === 'useReducer') {
           // Only consider second value in initializing tuple stable.
           if (
@@ -1819,3 +1824,10 @@ function isSameIdentifier(a, b) {
 function isAncestorNodeOf(a, b) {
   return a.range[0] <= b.range[0] && a.range[1] >= b.range[1];
 }
+
+function isUseEventIdentifier(node) {
+  if (__EXPERIMENTAL__) {
+    return node.type === 'Identifier' && node.name === 'useEvent';
+  }
+  return false;
+}
diff --git a/packages/eslint-plugin-react-hooks/src/RulesOfHooks.js b/packages/eslint-plugin-react-hooks/src/RulesOfHooks.js
index 1957d3ce199af..20ceb24244a9e 100644
--- a/packages/eslint-plugin-react-hooks/src/RulesOfHooks.js
+++ b/packages/eslint-plugin-react-hooks/src/RulesOfHooks.js
@@ -100,6 +100,13 @@ function isInsideComponentOrHook(node) {
   return false;
 }
 
+function isUseEventIdentifier(node) {
+  if (__EXPERIMENTAL__) {
+    return node.type === 'Identifier' && node.name === 'useEvent';
+  }
+  return false;
+}
+
 export default {
   meta: {
     type: 'problem',
@@ -110,8 +117,45 @@ export default {
     },
   },
   create(context) {
+    let lastEffect = null;
     const codePathReactHooksMapStack = [];
     const codePathSegmentStack = [];
+    const useEventViolations = new Set();
+
+    // For a given AST node, iterate through the top level statements and add all useEvent
+    // definitions. We can do this in non-Program nodes because we can rely on the assumption that
+    // useEvent functions can only be declared within a component or hook at its top level.
+    function addAllUseEventViolations(node) {
+      if (node.body.type !== 'BlockStatement') return;
+      for (const statement of node.body.body) {
+        if (statement.type !== 'VariableDeclaration') continue;
+        for (const declaration of statement.declarations) {
+          if (
+            declaration.type === 'VariableDeclarator' &&
+            declaration.init &&
+            declaration.init.type === 'CallExpression' &&
+            declaration.init.callee &&
+            isUseEventIdentifier(declaration.init.callee)
+          ) {
+            useEventViolations.add(declaration.id);
+          }
+        }
+      }
+    }
+
+    // Resolve a useEvent violation, ie the useEvent created function was called.
+    function resolveUseEventViolation(scope, ident) {
+      if (scope.references == null || useEventViolations.size === 0) return;
+      for (const ref of scope.references) {
+        if (ref.resolved == null) continue;
+        const [useEventFunctionIdentifier] = ref.resolved.identifiers;
+        if (ident.name === useEventFunctionIdentifier.name) {
+          useEventViolations.delete(useEventFunctionIdentifier);
+          break;
+        }
+      }
+    }
+
     return {
       // Maintain code segment path stack as we traverse.
       onCodePathSegmentStart: segment => codePathSegmentStack.push(segment),
@@ -522,6 +566,64 @@ export default {
           }
           reactHooks.push(node.callee);
         }
+
+        const scope = context.getScope();
+        // useEvent: Resolve a function created with useEvent that is invoked locally at least once.
+        // OK - onClick();
+        resolveUseEventViolation(scope, node.callee);
+
+        // useEvent: useEvent functions can be passed by reference within useEffect as well as in
+        // another useEvent
+        if (
+          node.callee.type === 'Identifier' &&
+          (node.callee.name === 'useEffect' ||
+            isUseEventIdentifier(node.callee)) &&
+          node.arguments.length > 0
+        ) {
+          // Denote that we have traversed into a useEffect call, and stash the CallExpr for
+          // comparison later when we exit
+          lastEffect = node;
+        }
+      },
+
+      Identifier(node) {
+        // OK - useEffect(() => { setInterval(onClick, ...) }, []);
+        if (lastEffect != null && node.parent.type === 'CallExpression') {
+          resolveUseEventViolation(context.getScope(), node);
+        }
+      },
+
+      'CallExpression:exit'(node) {
+        if (node === lastEffect) {
+          lastEffect = null;
+        }
+      },
+
+      FunctionDeclaration(node) {
+        // function MyComponent() { const onClick = useEvent(...) }
+        if (isInsideComponentOrHook(node)) {
+          addAllUseEventViolations(node);
+        }
+      },
+
+      ArrowFunctionExpression(node) {
+        // const MyComponent = () => { const onClick = useEvent(...) }
+        if (isInsideComponentOrHook(node)) {
+          addAllUseEventViolations(node);
+        }
+      },
+
+      'Program:exit'(_node) {
+        for (const node of useEventViolations.values()) {
+          context.report({
+            node,
+            message:
+              `\`${context.getSource(
+                node,
+              )}\` is a function created with React Hook "useEvent", and can only be called from ` +
+              'the same component. They cannot be assigned to variables or passed down.',
+          });
+        }
       },
     };
   },