Stop Trading on Congressional Knowledge Act

Summary

Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodities 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 or commodities for future delivery 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; and (3) other federal employees. Amends the Code of Official Conduct of the Rules of the House of Representatives to prohibit designated House personnel from disclosing material nonpublic information relating to any pending or prospective legislative action relating to either securities of a publicly-traded company or a commodity if such personnel has reason to believe that the information will be used to buy or sell the securities or commodity based on such information. 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 political intelligence activities, contacts, firms, and consultants.

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Timeline

1. 16 May 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, the Judiciary, Agriculture, and Standards of Official Conduct, 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

2. 16 May 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, the Judiciary, Agriculture, and Standards of Official Conduct, 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

3. 16 May 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 May 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 25 June 2007

   Referred

   Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

   Source: Committee

6. 26 June 2007

   Referred

   Referred to the Subcommittee on General Farm Commodities and Risk Management.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 May 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 May 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 May 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 May 2007

  Open at official source

Sponsors

• Rep. Baird, Brian [D-WA-3] · D · Sponsor
• LOUISE SLAUGHTER · D · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Raúl Grijalva · D · Cosponsor
• Earl Blumenauer · D · Cosponsor
• Rep. Boren, Dan [D-OK-2] · D · Cosponsor
• Albio Sires · D · Cosponsor
• Rep. Carson, André [D-IN-7] · D · Cosponsor
• Rep. Mahoney, Tim [D-FL-16] · D · Cosponsor
• Timothy Walz · D · Cosponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Cosponsor
• · hsag00 · Standing
• · hsju00 · Standing
• · hsso00 · Standing
• · hsha00 · Standing
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.