summary
Introduced
07/10/2018
07/10/2018
In Committee
07/11/2018
07/11/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
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 SEC must then revise the regulations consistent with the results of the study. The study examines whether the SEC should limit the ability of issuers and insiders to adopt trading plans during issuer-adopted trading windows, limit the use of multiple overlapping trading plans, establish mandatory delays between plan adoption and trade execution, limit plan modifications and cancellations, and require increased disclosure and oversight of trading plan use.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Placed on the Union Calendar, Calendar No. 689. (on 08/03/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
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