H.R. 1148 (112th)

Stop Trading on Congressional Knowledge Act

openUnited States· United States Congress· EN

Introduced

17 March 2011

Last action

1 February 2012 · Discharge

Status

Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-3. (<a href="http://clerk.house.gov/112/lrc/pd/petitions/DisPet0003.xml ">Discharge petition</a> text with signatures.)

Summary

Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodity Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to prohibit purchase or sale of either securities, security-based swaps, or commodities for future delivery or swap by a person in possession of material nonpublic information regarding pending or prospective legislative action if the information was obtained: (1) knowingly from a Member or employee of Congress, (2) by reason of being a Member or employee of Congress, or (3) from other federal employees and derived from their federal employment. Amends the Code of Official Conduct of the Rules of the House of Representatives to prohibit any Member, officer, or employee of the House from disclosing material nonpublic information relating to any pending or prospective legislative action relating to any publicly-traded company or to any commodity if such person has reason to believe that the information will be used to buy or sell the securities of that publicly traded company or that commodity for future delivery based on such information. Directs both the Committee on Agriculture and the Committee on Financial Services of the House of Representatives to hold hearings on the implementation by the CFTC and the SEC of such financial transaction prohibitions. Amends the Ethics in Government Act of 1978 to require formal disclosure of certain securities and commodities futures transactions to either the Clerk of the House of Representatives or the Secretary of the Senate. Amends the Lobbying Disclosure Act of 1995 to subject to its registration, reporting, and disclosure requirements, as well as requirements for identification of clients and covered legislative and executive officials, all political intelligence activities, contacts, firms, and consultants. Requires the Comptroller General to include political intelligence activities, contacts, firms, and consultants in its annual compliance audits and reports.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

17 March 2011
Introduced
Introduced in House
Source: IntroReferral
17 March 2011
Introduced
Introduced in House
Source: IntroReferral
17 March 2011
Introduced
Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, House Administration, the Judiciary, and Ethics, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
29 March 2011
Referred
RE-REFERRAL - Mr. Bachus asked unanimous consent that H.R. 1148 be re-referred primarily to the Committee on Financial Services and additionally to the Committees on Agriculture, House Administration, the Judiciary, Ethics and Rules. Agreed to without objection.
Source: Floor
29 March 2011
Introduced
Rereferred to the Committee on Financial Services, and in addition to the Committees on Agriculture, House Administration, the Judiciary, Ethics, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
29 March 2011
Discharge
Committee on Financial Services discharged.
Source: Discharge
29 March 2011
Committee
Committee on Financial Services discharged.
Source: Committee
29 March 2011
Referred
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Source: Committee
1 June 2011
Referred
Referred to the Subcommittee on the Constitution.
Source: Committee
6 December 2011
Committee
Committee Hearings Held.
Source: Committee
1 February 2012
Discharge
Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-3. (<a href="http://clerk.house.gov/112/lrc/pd/petitions/DisPet0003.xml ">Discharge petition</a> text with signatures.)
Source: Discharge

Votes

No vote records are attached yet.

Versions

Introduced in House · 17 March 2011 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House
summary · EN · 29 March 2011
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Introduced in House (text)
Introduced in House · EN · 17 March 2011
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Introduced in House (PDF)
Introduced in House · EN · 17 March 2011
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Related records

related to ← Stop Trading on Congressional Knowledge Act
related to ← Stop Trading on Congressional Knowledge Act
related to ← STOCK Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/house-bill/1148
Open data entity: https://api.congress.gov/v3/bill/112/hr/1148
us · 112-hr-1148 · source updated 14 August 2025