Skip to main content
HR 682 111th Congress House Congress Administrative law and regulatory procedures Government employee pay, benefits, personnel management Government ethics and transparency, public corruption Government information and archives House of Representatives Legislative rules and procedure Members of Congress Public participation and lobbying Securities Securities and Exchange Commission (SEC)

Stop Trading on Congressional Knowledge Act

Introduced: January 26, 2009 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2009
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Apr 23, 2009
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Jan 26, 2009
Referred to House Standards of Official Conduct
Jan 26, 2009
Referred to House Agriculture
Jan 26, 2009
Referred to House Judiciary
Jan 26, 2009
Referred to House Administration
Jan 26, 2009
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.
Jan 26, 2009
Referred to House Financial Services
Jan 26, 2009
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, 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.

What's happening now June 12, 2009

Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

 Committees of jurisdiction 7
 Cosponsors 1
All 1 Democratic 1