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SENATE 350115th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

End Congressional Stock Market Abuse Act of 2017

Last Action
2/9/2017

Actions

  • 2017-02-09Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2017-02-09Introduced in Senate

CRS Summary

As of 2017-02-09 (00)

End Congressional Stock Market Abuse Act of 2017

This bill amends the Securities Exchange Act of 1934 to prohibit Members of Congress, in securities transactions, from receiving a discounted purchase price or a premium sales price.

This prohibition shall not apply if the Member of Congress reasonably believes that the discount or premium was obtained in a manner generally available to the public.

Cosponsors (3)

  • Bernard Sanders (I-VT)
  • Ron Wyden (D-OR)
  • Christopher Murphy (D-CT)

Subjects

  • Government ethics and transparency, public corruption
  • Members of Congress
  • Securities
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.