PoliticalRepoPoliticalRepo

United States · Law · S

S. 2038 (112th)

STOCK Act

openUnited States· United States Congress· EN

Introduced

26 January 2012

Last action

Status

By Senator Lieberman from Committee on Homeland Security and Governmental Affairs filed written report. Report No. 112-244.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Stop Trading on Congressional Knowledge Act of 2012 or STOCK Act - Amends the Congressional Accountability Act of 1995 to prohibit Members of Congress and congressional employees from using any nonpublic information derived from their positions as Members or congressional employees, or gained from performance of the individual's duties, for personal benefit. Directs the congressional ethics committees to issue rules or regulations to carry out the purposes of this prohibition. Declares that such Members and employees are not exempt from the insider trading prohibitions of the Securities Exchange Act of 1934 and Rule 10b-5. Subjects violators of these prohibitions to appropriate punitive, disciplinary, and other remedial actions. Amends the Commodity Exchange Act to apply to Members and congressional employees its prohibitions against certain transactions involving the purchase or sale of any commodity in interstate commerce, or for future delivery, or any swap. Amends the Ethics in Government Act to require Members, congressional officers, and congressional employees to file reports on financial transactions. Directs the Comptroller General to report on the role of political intelligence in the financial markets. Requires that financial disclosure forms filed by Members and congressional officers and employees, as well as by candidates for Congress, in calendar year 2012 and in subsequent years be made available to the public on the respective official Senate and House of Representatives websites within 30 days after filing. Directs the Secretary of the Senate, the Sergeant at Arms of the Senate, and the Clerk of the House of Representatives to develop systems to enable the electronic filing of such reports as well as their on-line public availability. Prohibits federal employees from using for personal benefit any nonpublic information derived from their positions as federal employees, or gained from performance of their duties. Applies to them the insider trading prohibitions of the Securities Exchange Act of 1934 and Rule 10b-5, and subjects federal employees who violate these prohibitions to appropriate punitive, disciplinary, and other remedial actions.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

15 official files

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

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