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HRES 480 112th Congress House Congress Financial services and investments Government ethics and transparency, public corruption Government information and archives House of Representatives Legislative rules and procedure Securities

Amending the Rules of the House of Representatives to prohibit Members, Delegates, the Resident Commissioner, and officers and employees of the House from buying or selling securities while in possession of material, nonpublic information, and for other purposes.

Introduced: December 1, 2011 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 1, 2011
Referred to the House Committee on Ethics.
Dec 1, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Amends Rule XXIII (Code of Official Conduct) of the Rules of the House of Representatives to require a Member, Delegate, or Resident Commissioner (Member) to place into a blind trust all securities, commodities for future delivery, security-based swaps, or swaps that are transacted on or through the facilities of a national securities exchange or from or through a broker or dealer, unless the Member files with the Clerk of the House a specified detailed disclosure report of all such transactions within five business days after the last day of a calendar month in which a transaction is completed.

Requires the Clerk to make available to the public a detailed summary of each such disclosure report.

Prohibits a Member or officer or employee of the House from purchasing or selling a security, commodity for future delivery, security-based swap, or swap, on or through the facilities of a national securities exchange or from or through a broker or dealer, while in possession of material, nonpublic information obtained by reason of employment in the House.

What's happening now December 1, 2011

Referred to the House Committee on Ethics.

 Committees of jurisdiction 1