To prohibit Members of Congress, senior congressional staffers, and administration executives from making certain purchases or sales of registered securities, futures, swaps, security futures products, security-based swaps, and options, to prohibit bonus payments to executives at Fannie Mae and Freddie Mac, and for other purposes.

Summary

Prohibits Members of Congress, senior congressional staffers, and administration executives from purchasing or selling registered securities, futures, swaps, security futures products, security-based swaps, and options on them, subject to specified exceptions. Subjects any person who violates such requirement to specified federal administrative penalties relating to material nonpublic information received in the course of employment. Prohibits senior executives at the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises [GSEs])from receiving bonuses during any period of conservatorship on or after the enactment of this Act.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 February 2012

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• Introduced in House (PDF)

  Introduced in House · EN · 9 February 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 February 2012

  Open at official source

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