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HR 4009 112th Congress House Congress Congressional officers and employees Corporate finance and management Federal officials Financial services and investments Government corporations and government-sponsored enterprises Government ethics and transparency, public corruption Housing finance and home ownership Members of Congress Presidents and presidential powers, Vice Presidents Securities Wages and earnings

To prohibit Members of Congress, senior congressional staffers, and administration executives from making certain purchases or sales of registered securities, futures, swaps, security futures products, security-based swaps, and options, to prohibit bonus payments to executives at Fannie Mae and Freddie Mac, and for other purposes.

Introduced: February 9, 2012 Introduced by: Issa, Darrell Republican · California See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 23, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Feb 9, 2012
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, and Oversight and Government Reform, 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.
Feb 9, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Prohibits Members of Congress, senior congressional staffers, and administration executives from purchasing or selling registered securities, futures, swaps, security futures products, security-based swaps, and options on them, subject to specified exceptions.

Subjects any person who violates such requirement to specified federal administrative penalties relating to material nonpublic information received in the course of employment.

Prohibits senior executives at the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises [GSEs])from receiving bonuses during any period of conservatorship on or after the enactment of this Act.

What's happening now February 23, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Committees of jurisdiction 4