H.R. 1528 · 117th Congress
Promoting Transparent Standards for Corporate Insiders Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 117th Congress ended.
1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Mar 2, 2021
- House Passed Apr 20, 2021
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to limit the ability of issuers of securities and issuer insiders to adopt Rule 10b5-1 trading plans. These plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.
What it does: CRS summary · Passed House · Apr 20, 2021
Promoting Transparent Standards for Corporate Insiders Act
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to limit the ability of issuers of securities and issuer insiders to adopt Rule 10b5-1 trading plans. These 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Promoting Transparent Standards for Corporate Insiders Act
Latest action (Apr 22, 2021): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 2, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Mar 2, 2021
- House Passed Apr 20, 2021
No recorded floor vote found.