U.S. Congress - S.1871 STOCK bill ("STOCK Act")
S.1871 - STOCK bill ("STOCK Act")
A bill to prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes. view all titles (3)
All Bill Titles
- Official: A bill to prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes. as introduced.
- Short: Stop Trading on Congressional Knowledge Act as introduced.
- Popular: STOCK bill ("STOCK Act").
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Official Summary
11/15/2011--Introduced.Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodity Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to prohibit purchase or sale of eitOfficial Summary
11/15/2011--Introduced.Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodity 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, security-based swaps, or commodities for future delivery or swap 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, or
(3) from other federal employees and derived from their federal employment. Directs both the Committee on Agriculture and the Committee on Financial Services of the House of Representatives to hold hearings on the implementation by the CFTC and the SEC of such financial transaction prohibitions. 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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Organizations Supporting S.1871
- Citizens for Responsibility and Ethics in Washington
- Common Cause
- Democracy 21
- Public Citizen
- Public Interest Research Group
- Campaign Legal Center
- ...and 1 more. See all.
Organizations Opposing S.1871
- None via MapLight at this time.
Latest Letters to Congress
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S.1871 STOCK bill ("STOCK Act")
mycroft16
December 07, 2011
I am writing as your constituent in the 3rd Congressional district of Utah. I support S.1871 - STOCK bill ("STOCK Act"), and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
As a taxpayer, I would expect my elected officials to be held to the same standards and laws that I am. Please pass this legislation. -
S.1871 STOCK bill ("STOCK Act")
Ajscott123
December 06, 2011
I am writing as your constituent in the 21st Congressional district of New York. I oppose S.1871 - STOCK bill ("STOCK Act"), and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability. This bill is a candy-coated shell with absolutely nothing inside -- it is not a fix for insider trading in Congress and anyone who takes time to read it will agree. Allow me to propose a different method...
Experts at the SEC (if there are any le... -
S.1871 A bill to prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes.
mycroft16
November 18, 2011
I am writing as your constituent in the 3rd Congressional district of Utah. I support S.1871 - A bill to prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes., and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
It makes sense to hold our public representativ...
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