HR 3840
107th Congress
House
Finance and Financial Sector
Commerce
Corporate collapse
Corporate governance
Corporation directors
Employee ownership
Employee pensions
Executives
Fines (Penalties)
Government Operations and Politics
Government paperwork
Information disclosure (Securities law)
Insider trading in securities
Labor and Employment
Law
Pension funds
Securities regulation
Stocks
Trusts and trustees
Inside Stock Sales Employee Notification Act of 2002
Introduced: March 5, 2002
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2002
Referred to the Subcommittee on Employer-Employee Relations.
Mar 5, 2002
Referred to the House Committee on Education and the Workforce.
Mar 5, 2002
Sponsor introductory remarks on measure. (CR E255-256)
Mar 5, 2002
Introduced in House
Plain-English summary
Inside Stock Sales Employee Notification Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA ) to require timely written notification of any of insider trading in employer securities to be provided to pension plan participants and beneficiaries whose individual accounts (including those covered by section 401(k) of the Internal Revenue Code) hold employer securities.
Requires those engaging in direct or indirect sales of such securities, if they are plan fiduciaries or are required to report such trading to the Securities and Exchange Commission under the Securities Exchange Act of 1934, to report such transactions to the plan administrator not later than one business day after the transaction. Requires the plan administrator to notify plan participants and beneficiaries as soon as practicable, but no later than three business days after receiving notice, if the proceeds from any such transaction or series of transactions exceed in the aggregate $100,000.
What's happening now
Referred to the Subcommittee on Employer-Employee Relations.
Committees of jurisdiction
2