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HR 2341 110th Congress House Congress Administrative procedure Armed Forces and National Security Confidential communications Congressional employees Congressional ethics Congressional officers Congressional publicity Congressional reporting requirements Data banks Directories Federal employees Finance and Financial Sector Futures trading Government Operations and Politics Government paperwork House rules and procedure Independent regulatory commissions Information disclosure (Securities law) Insider trading in securities

Stop Trading on Congressional Knowledge Act

Introduced: May 16, 2007 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2007
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Jun 25, 2007
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
May 16, 2007
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, the Judiciary, Agriculture, and Standards of Official Conduct, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 16, 2007
Introduced in House
 Plain-English summary Congressional Research Service

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 political intelligence activities, contacts, firms, and consultants.

What's happening now June 26, 2007

Referred to the Subcommittee on General Farm Commodities and Risk Management.

 Committees of jurisdiction 7
 Cosponsors 1
All 1 Democratic 1