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The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including ...
A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. Although lawmakers are required to disclose stock ...
The legislation would go beyond 2012’s STOCK Act, which the bill’s sponsors say one in seven members of Congress have violated, to prohibit legislators, their spouses and their dependents from ...
A bipartisan group of senators announced a deal on a congressional stock trading ban aimed at ... his own investments should the bill become law. “Members of Congress should not be permitted to ...
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
Porter’s bill, which expands on the existing disclosure rules in the STOCK Act, would also require members of Congress, their senior staff, and the Oval Office to disclose any time that they, a ...
The state of play in Congress. Lawmaker stock trading burst to the forefront as a top issue in 2020. ... a 1,500+ page bill to avert a government shutdown, ...
President Biden in a new interview published Tuesday said there should be a ban on members of Congress trading stocks, taking a position on an issue that has entered the spotlight in recent years.