H.R.682 - Stop Trading on Congressional Knowledge Act

To prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes. as introduced.
  • Short: Stop Trading on Congressional Knowledge Act as introduced.

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Bill's Views

  • Today: 10
  • Past Seven Days: 86
  • All-Time: 12,245
 
Introduced
 
House
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Senate
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President
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01/25/09
 
 
 
 
 
 
 

Official Summary

1/26/2009--Introduced.Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodities Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to prohibit purchase or sale of ei

Official Summary

1/26/2009--Introduced.Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodities Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to prohibit purchase or sale of either securities or commodities for future delivery by a person in possession of material nonpublic information regarding pending or prospective legislative action if the information was obtained:
(1) knowingly from a Member or employee of Congress;
(2) by reason of being a Member or employee of Congress; and
(3) other federal employees. Amends the Code of Official Conduct of the Rules of the House of Representatives to prohibit designated House personnel from disclosing material nonpublic information relating to any pending or prospective legislative action relating to either securities of a publicly-traded company or a commodity if such personnel has reason to believe that the information will be used to buy or sell the securities or commodity based on such information. Amends the Ethics in Government Act of 1978 to require formal disclosure of certain securities and commodities futures transactions to either the Clerk of the House of Representatives or the Secretary of the Senate. Amends the Lobbying Disclosure Act of 1995 to subject to its registration, reporting, and disclosure requirements, as well as requirements for identification of clients and covered legislative and executive officials, all political intelligence activities, contacts, firms, and consultants. Requires the Comptroller General to include political intelligence activities, contacts, firms, and consultants in its annual compliance audits and reports.

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Recent News Coverage

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01/26/09
A Crackdown on Info Trading

In a statement, the two said the legislation ( HR 682 ) is more important now, given the amount of money Congress has authorized to help right the economy ...

Source: CQPolitics.com, DC
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Recent Blog Coverage

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07/30/11
House Roll Call #682 Details - OpenCongress

Back to Main Bill Page. July 30, 2011 Roll call number 682 in the House. Question On Motion to Suspend the Rules and Pass, as Amended: H R 2693 To cut spending, maintain existing commitments, and for other purposes ...

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12/07/10
内幕交易在华盛顿并不违法

A bill was introduced early in this current Congress (HR 682: Stop Trading on Congressional Knowledge Act) which would prohibit the sale and purchase of securities or commodities' futures based on knowledge gained from a member of ...

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11/30/10
Is Congress Guilty of Insider Trading? | Tennesseans Watching ...

A bill was introduced early in this current Congress (H.R. 682: Stop Trading on Congressional Knowledge Act) which would prohibit the sale and purchase of securities or commodities' futures based on knowledge gained from a member of ...

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