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HR 1173 114th Congress House Finance and Financial Sector Criminal investigation, prosecution, interrogation Financial services and investments Fraud offenses and financial crimes Securities

Ban Insider Trading Act of 2015

Introduced: February 27, 2015 Introduced by: Lynch, Stephen F. Democratic · Massachusetts See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2015
Referred to the House Committee on Financial Services.
Feb 27, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

Ban Insider Trading Act of 2015

This bill amends the Securities Exchange Act of 1934 to make it unlawful to purchase or sell any security, or securities-based swap agreement, that is based upon information that the person knows (or should know) is material inside information.

"Inside information" is defined as information that is nonpublic and obtained:

  • illegally,
  • directly or indirectly from an issuer who expects either confidentiality or that it will only be used for a legitimate business purpose, or
  • in violation of a fiduciary duty.

"Material information" is defined as information relating to an issuer or to a security which, if it were made public, would likely have a significant effect upon the security's price.

Subjects a person to liability to prosecution for trading in prohibited securities while in possession of material nonpublic information if the person, without a legitimate business purpose, discloses intentionally to another person information that the discloser knows (or should know) is material inside information.

What's happening now February 27, 2015

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • HR 1097 Related bill Ban Insider Trading Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Doggett, Lloyd
Texas · May 12, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1173: Ban Insider Trading Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1173/
MLA
"H.R. 1173: Ban Insider Trading Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1173/.
Bluebook (legal)
H.R. 1173, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1173/.
Markdown link
[H.R. 1173: Ban Insider Trading Act of 2015](https://openamerica.io/bill/114-HR-1173/)
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