summary
Introduced
01/16/2019
01/16/2019
In Committee
01/16/2019
01/16/2019
Crossed Over
01/29/2019
01/29/2019
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Promoting Transparent Standards for Corporate Insiders Act Promoting Transparent Standards for Corporate Insiders Act This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.
AI Summary
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans, which allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions. The bill requires the SEC to revise the regulations consistent with the results of the study, which may include limiting the ability of issuers and insiders to adopt trading plans, establishing mandatory delays, and requiring more disclosure and oversight of the use of such plans.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (3)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/29/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/624/all-info | 01/17/2019 |
| BillText | https://www.congress.gov/116/bills/hr624/BILLS-116hr624eh.pdf | 01/30/2019 |
| Bill | https://www.congress.gov/116/bills/hr624/BILLS-116hr624eh.pdf.pdf | 01/30/2019 |
| BillText | https://www.congress.gov/116/bills/hr624/BILLS-116hr624ih.pdf | 01/20/2019 |
| Bill | https://www.congress.gov/116/bills/hr624/BILLS-116hr624ih.pdf.pdf | 01/20/2019 |
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