Official Bill Info

• Latest Action: Feb 01, 2012 Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-3.

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• Committee Assignment: House Ethics -

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• Committee Assignment: House Financial Services

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• Committee Assignment: House Agriculture

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• Committee Assignment: House Agriculture - General Farm Commodities and Risk Management

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Bill Statistics on OpenCongress

Contribution Data

OpenCongress Bill Summary

• Amends the Security and Exchange Act to make it illegal for any person to buy or sell stocks, securities, derivatives or other financial instruments while in possession of nonpublic information related to “pending or prospective” legislative matters if the information was obtained “knowingly from a Member or employee of Congress” or “by reason of being a Member or employee of Congress.” It would also amend the House Ethics manual to say that House employees shall not disclose nonpublic information if they have “reason to believe” that the information will be used to inform financial transaction decisions.

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  Here's a summary from OpenCongress.org: Amends the Security and Exchange Act to make it illegal for any person to buy or sell stocks, securities, derivatives or other financial instruments while in possession of nonpublic information related to “pending or prospective” legislative matters if the information was obtained “knowingly from a Member or employee of Congress” or “by reason of being a Member or employee of Congress.” It would also amend the House Ethics manual to say that House employees shall not disclose nonpublic information if they have “reason to believe” that the information will be used to inform financial transaction decisions.

Supporting Organizations

• Citizens for Responsibility and Ethics in Washington

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  I know that the organization Citizens for Responsibility and Ethics in Washington supports H.R.1148
• Public Interest Research Group

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  I know that the organization Public Interest Research Group supports H.R.1148
• Democracy 21

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  I know that the organization Democracy 21 supports H.R.1148
• Common Cause

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  I know that the organization Common Cause supports H.R.1148
• Public Citizen

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  I know that the organization Public Citizen supports H.R.1148
• Sunlight Foundation

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  I know that the organization Sunlight Foundation supports H.R.1148
• Campaign Legal Center

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  I know that the organization Campaign Legal Center supports H.R.1148
• Project On Government Oversight

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  I know that the organization Project On Government Oversight supports H.R.1148

Most-commented sections of the bill text

• (b) Effective Date- The amendment made by subsection (a) shall apply to transactions occurring on or after the date that is 90 days after the date of the enactment of this Act. (2 comments, Link )

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  specifically, this section of the legislation: "(b) Effective Date- The amendment made by subsection (a) shall apply to transactions occurring on or after the date that is 90 days after the date of the enactment of this Act.",

Highest Rated User Comments

• On November 15, 2011, by soitgoes12 - Why hasn't this bill been brought to the floor yet? Got more important things, Boehner?

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  As noted by soitgoes12, a user on OpenCongress.org, on November 15, 2011, "Why hasn't this bill been brought to the floor yet? Got more important things, Boehner?"
• On January 05, 2012, by oakle78 - "Now, then, hurry up, Maslova, I say!" called out the jailer, and in a minute or two a small young woman with a very full bust came briskly out of the door and went up to the jailer. She had on a grey cloak over a white jacket and petticoat. <a href="http://www.northfacelocationsoutlet.net/">the north face outlet locations</a> On her feet she wore linen stockings and prison shoes, and round her head was tied a white kerchief, from under which a few locks of black hair were brushed over the forehead with evident intent. The face of the woman was of that whiteness peculiar to people who have lived long in confinement, and which puts one in mind of shoots of potatoes that spring up in a cellar. Her small broad hands and full neck, which showed from under the broad collar of her cloak, were of the same hue. Her black, sparkling eyes, one with a slight squint, appeared in striking contrast to the dull pallor of her face.

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  As noted by oakle78, a user on OpenCongress.org, on January 05, 2012, ""Now, then, hurry up, Maslova, I say!" called out the jailer, and in a minute or two a small young woman with a very full bust came briskly out of the door and went up to the jailer. She had on a grey cloak over a white jacket and petticoat. <a href="http://www.northfacelocationsoutlet.net/">the north face outlet locations</a> On her feet she wore linen stockings and prison shoes, and round her head was tied a white kerchief, from under which a few locks of black hair were brushed over the forehead with evident intent. The face of the woman was of that whiteness peculiar to people who have lived long in confinement, and which puts one in mind of shoots of potatoes that spring up in a cellar. Her small broad hands and full neck, which showed from under the broad collar of her cloak, were of the same hue. Her black, sparkling eyes, one with a slight squint, appeared in striking contrast to the dull pallor of her face."
• On January 26, 2012, by jwon412 - Pardon my ignorance, I'm late to the party here, but, isn't trading on non public information ALREADY illegal? Why is additional legislation even necessary?

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  As noted by jwon412, a user on OpenCongress.org, on January 26, 2012, "Pardon my ignorance, I'm late to the party here, but, isn't trading on non public information ALREADY illegal? Why is additional legislation even necessary?"

Highly Rated Blog Articles

• stock act at webXtrends · What's Up? - April 05, 2012 by http://webxtrends.com/ - STOCK Act - H.R.1148: STOCK bill ("STOCK Act") - U.S. Congress ... http://www.opencongress.org/bill/112-h1148/show. H.R.1148 - STOCK bill ("STOCK Act") To prohibit commodities and securities trading based on nonpublic information ...

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  As noted by http://webxtrends.com/ on April 05, 2012, "STOCK Act - H.R.1148: STOCK bill (&quot;STOCK Act&quot;) - U.S. Congress ... http://www.opencongress.org/bill/112-h1148/show. H.R.1148 - STOCK bill (&quot;STOCK Act&quot;) To prohibit commodities and securities trading based on nonpublic information ..." (/url?q=http://webxtrends.com/%3Fq%3Dstock%2Bact&sa=U&ei=suUOUOL2Lc7E2QW18oC4Bg&ved=0CCoQmAEwAw&usg=AFQjCNHQ-PCK-h-v4LTAYhlFLnVyVKCs8w)
• stock act at webXtrends · What's Up? - April 05, 2012 by http://webxtrends.com/ - STOCK Act - H.R.1148: STOCK bill ("STOCK Act") - U.S. Congress ... http://www.opencongress.org/bill/112-h1148/show. H.R.1148 - STOCK bill ("STOCK Act") To prohibit commodities and securities trading based on nonpublic information ...

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  As noted by http://webxtrends.com/ on April 05, 2012, "STOCK Act - H.R.1148: STOCK bill (&quot;STOCK Act&quot;) - U.S. Congress ... http://www.opencongress.org/bill/112-h1148/show. H.R.1148 - STOCK bill (&quot;STOCK Act&quot;) To prohibit commodities and securities trading based on nonpublic information ..." (/url?q=http://webxtrends.com/%3Fq%3Dstock%2Bact&sa=U&ei=JOkKUI27MKKi2wWq8Ln1Dw&ved=0CCoQmAEwAw&usg=AFQjCNH0JrVaEaui2lbeS67Nm02VRbuMng)
• stock act at webXtrends · What's Up? - April 05, 2012 by http://webxtrends.com/ - STOCK Act - H.R.1148: STOCK bill ("STOCK Act") - U.S. Congress ... http://www.opencongress.org/bill/112-h1148/show. H.R.1148 - STOCK bill ("STOCK Act") To prohibit commodities and securities trading based on nonpublic information ...

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  As noted by http://webxtrends.com/ on April 05, 2012, "STOCK Act - H.R.1148: STOCK bill (&quot;STOCK Act&quot;) - U.S. Congress ... http://www.opencongress.org/bill/112-h1148/show. H.R.1148 - STOCK bill (&quot;STOCK Act&quot;) To prohibit commodities and securities trading based on nonpublic information ..." (/url?q=http://webxtrends.com/%3Fq%3Dstock%2Bact&sa=U&ei=kwIJUIOvO4ac2AWG1oDrBw&ved=0CCoQmAEwAw&usg=AFQjCNFOT2P-E0R7_c352muObcIGB9H70w)

Highly Rated News Articles

• Fixing Congress: Term limits and other ways to restore common sense - June 10, 2012 by Burlington County Times - Another reform I co-sponsored which became law this month is the Stop Trading on Congressional Knowledge, or STOCK, Act (H.R. 1148) which would prohibit Members of Congress and their senior employees from profiting off of the non-public information they ..

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  As noted by Burlington County Times on June 10, 2012, "Another reform I co-sponsored which became law this month is the Stop Trading on Congressional Knowledge, or STOCK, Act (H.R. 1148) which would prohibit Members of Congress and their senior employees from profiting off of the non-public information they .." (http://www.phillyburbs.com/news/local/courier_times_news/opinion/guest/fixing-congress-term-limits-and-other-ways-to-restore-common/article_3fd6e299-4222-59a2-8bf4-f769b67184d0.html)
• The Stock Act: What Is It? - April 05, 2012 by YAHOO! - Brian Baird, D-Wash. It died in committee. It was re-introduced by Baird in 2007 and 2009 to meet a similar fate. H.R. 1148 (introduced by Rep. Timothy Walz, D-Minn.) and S. 1871 (introduced by Sen. Scott Brown, R-Mass., rewritten and reintroduced as S ...

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  As noted by YAHOO! on April 05, 2012, "Brian Baird, D-Wash. It died in committee. It was re-introduced by Baird in 2007 and 2009 to meet a similar fate. H.R. 1148 (introduced by Rep. Timothy Walz, D-Minn.) and S. 1871 (introduced by Sen. Scott Brown, R-Mass., rewritten and reintroduced as S ..." (http://news.yahoo.com/stock-act-202800470.html)
• Congress Clears STOCK Act for Obama - March 23, 2012 by Magic City Morning Star - Michaud cosponsored the House-version of the STOCK Act (H.R.1148). Senate action today clears the bill for the President's signature. "This bill represents the least Congress should be doing in this area," said Michaud. "The idea that a member ...

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  As noted by Magic City Morning Star on March 23, 2012, "Michaud cosponsored the House-version of the STOCK Act (H.R.1148). Senate action today clears the bill for the President's signature. "This bill represents the least Congress should be doing in this area," said Michaud. "The idea that a member ..." (http://www.magic-city-news.com/News_2/Congress_Clears_STOCK_Act_for_Obama15837.shtml)