CONGRESS FOR VOTERS

Pete Ricketts (R-NE)

Stop Insider Trading Act

S. 4134 · Senate bill Government Operations and Politics

A Republican bill with 17 Republican cosponsors · See all 17 cosponsors

Last activity — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The "Stop Insider Trading Act" restricts Members of Congress, their spouses, and dependent children from purchasing covered investments, such as stocks in publicly traded companies. If they wish to sell these investments, they must provide public notice between 7 and 14 days before the sale. There are exceptions for certain funds, small businesses, specific trusts, and employer-based compensation. Violators face fees and must sell any illegally purchased investments. These fees cannot be paid using official office funds or campaign contributions.

Yes

  • Scored +8

    Does this make what the government does easier for the public to see?

    Mandates public disclosure of stock sales by Members of Congress and their families.

  • Scored +2

    Does this make the government pay for what it commits to?

    Increases government revenue via fines for insider trading violations deposited into the Treasury.

The opposite

  • Scored -2

    Does this protect people from being watched or searched?

    Requires public disclosure of financial transactions for spouses and children of Members of Congress.