U.S. Congress - S.1903 STOCK bill ("STOCK Act")
S.1903 - 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
11/17/2011--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
11/17/2011--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. Makes it an element of the prohibited activity, also, that the Member or employee of Congress or the federal employee acted with the intent to assist another person, directly or indirectly, to use the information to buy or sell the securities of such publicly traded company based on such information. Amends the Standing Rules of the Senate to prohibit a Member, officer, or employee of the Senate from disclosing material nonpublic information relating to any pending or prospective legislative action relating to any publicly-traded company or to any commodity if such person acts with intent to assist another person, directly or indirectly, to use the information to buy or sell the securities of that publicly traded company 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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Organizations Supporting S.1903
- Citizens for Responsibility and Ethics in Washington
- Common Cause
- Democracy 21
- Public Citizen
- Public Interest Research Group
- Campaign Legal Center
- ...and 2 more. See all.
Organizations Opposing S.1903
- None via MapLight at this time.
Latest Letters to Congress
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S.1903 STOCK bill ("STOCK Act")
voter3456238
February 03, 2012
I am writing as your constituent in the 16th Congressional district of Pennsylvania. I support S.1903 - STOCK bill ("STOCK Act"), and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Oliver Lu -
S.1903 STOCK bill ("STOCK Act")
NMGilly
January 31, 2012
I'm tracking S.1903 - STOCK bill ("STOCK Act") using OpenCongress.org, the free public resource website for government transparency and accountability. I also Support this bill.
Sincerely,
Nicole Gilly -
S.1903 STOCK bill ("STOCK Act")
scottmyers
January 30, 2012
I support S.1903 - STOCK bill ("STOCK Act"), and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Scott Myers
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