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United States · Resolution · HRES

H.Res. 480 (112th)

Amending the Rules of the House of Representatives to prohibit Members, Delegates, the Resident Commissioner, and officers and employees of the House from buying or selling securities while in possession of material, nonpublic information, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

1 December 2011

Last action

1 December 2011 · Introduced

Status

Referred to the House Committee on Ethics.

Sponsors

Rep. Canseco, Francisco "Quico" [R-TX-23], Rep. Fitzpatrick, Michael G. [R-PA-8], Rep. Royce, Edward R. [R-CA-39], Sen. Lankford, James [R-OK], Rep. Olson, Pete [R-TX-22], Rep. Miller, Candice S. [R-MI-10], Rep. Jenkins, Lynn [R-KS-2], Rep. Black, Diane [R-TN-6], Rep. Guthrie, Brett [R-KY-2]

Subjects

Discovery layer

Source updated

6 February 2024

Summary

Amends Rule XXIII (Code of Official Conduct) of the Rules of the House of Representatives to require a Member, Delegate, or Resident Commissioner (Member) to place into a blind trust all securities, commodities for future delivery, security-based swaps, or swaps that are transacted on or through the facilities of a national securities exchange or from or through a broker or dealer, unless the Member files with the Clerk of the House a specified detailed disclosure report of all such transactions within five business days after the last day of a calendar month in which a transaction is completed. Requires the Clerk to make available to the public a detailed summary of each such disclosure report. Prohibits a Member or officer or employee of the House from purchasing or selling a security, commodity for future delivery, security-based swap, or swap, on or through the facilities of a national securities exchange or from or through a broker or dealer, while in possession of material, nonpublic information obtained by reason of employment in the House.

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

Timeline

  1. 1 December 2011

    Introduced

    Referred to the House Committee on Ethics.

    Source: IntroReferral

  2. 1 December 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 December 2011

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 December 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 1 December 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 December 2011

    Open at official source

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Sponsors

Related records

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Sources

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