US HB1148 | 2011-2012 | 112th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 187-99-1)
Status: Introduced on March 17 2011 - 25% progression, died in chamber
Action: 2012-02-01 - Motion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-3. ( ">Discharge petition text with signatures.)
Text: Latest bill text (Introduced) [PDF]

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.

Tracking Information

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Title

Stop Trading on Congressional Knowledge Act

Sponsors

Rep. Timothy Walz [D-MN]Rep. Gary Ackerman [D-NY]Rep. Todd Akin [R-MO]Rep. Rodney Alexander [R-LA]
Rep. Jason Altmire [D-PA]Rep. Mark Amodei [R-NV]Rep. Robert Andrews [D-NJ]Rep. Joe Baca [D-CA]
Rep. Michele Bachmann [R-MN]Sen. Tammy Baldwin [D-WI]Rep. John Barrow [D-GA]Rep. Roscoe Bartlett [R-MD]
Rep. Charles Bass [R-NH]Rep. Karen Bass [D-CA]Rep. Xavier Becerra [D-CA]Rep. Rick Berg [R-ND]
Rep. Shelley Berkley [D-NV]Rep. Howard Berman [D-CA]Rep. Brian Bilbray [R-CA]Rep. Gus Bilirakis [R-FL]
Rep. Sanford Bishop [D-GA]Rep. Timothy Bishop [D-NY]Rep. Earl Blumenauer [D-OR]Rep. Suzanne Bonamici [D-OR]
Rep. Madeleine Bordallo [D-GU]Rep. Dan Boren [D-OK]Rep. Leonard Boswell [D-IA]Rep. Charles Boustany [R-LA]
Rep. Robert Brady [D-PA]Rep. Bruce Braley [D-IA]Rep. Vern Buchanan [R-FL]Rep. Ann Buerkle [R-NY]
Rep. Michael Burgess [R-TX]Rep. G. Butterfield [D-NC]Sen. Shelley Capito [R-WV]Rep. Lois Capps [D-CA]
Rep. Michael Capuano [D-MA]Rep. Dennis Cardoza [D-CA]Rep. Russ Carnahan [D-MO]Rep. John Carney [D-DE]
Rep. Andre Carson [D-IN]Rep. John Carter [R-TX]Rep. Kathy Castor [D-FL]Rep. Steve Chabot [R-OH]
Rep. Ben Chandler [D-KY]Rep. Donna Christensen [D-VI]Rep. Judy Chu [D-CA]Rep. David Cicilline [D-RI]
Rep. Hansen Clarke [D-MI]Rep. Yvette Clarke [D-NY]Rep. Lacy Clay [D-MO]Rep. Emanuel Cleaver [D-MO]
Rep. James Clyburn [D-SC]Rep. Howard Coble [R-NC]Rep. Mike Coffman [R-CO]Rep. Steve Cohen [D-TN]
Rep. Gerald Connolly [D-VA]Rep. John Conyers [D-MI]Rep. Jim Cooper [D-TN]Rep. Jim Costa [D-CA]
Rep. Jerry Costello [D-IL]Rep. Joe Courtney [D-CT]Rep. Eric Crawford [R-AR]Rep. Mark Critz [D-PA]
Rep. Joseph Crowley [D-NY]Rep. Henry Cuellar [D-TX]Rep. Danny Davis [D-IL]Rep. Susan Davis [D-CA]
Rep. Peter DeFazio [D-OR]Rep. Diana DeGette [D-CO]Rep. Rosa DeLauro [D-CT]Rep. Jeff Denham [R-CA]
Rep. Charles Dent [R-PA]Rep. Scott DesJarlais [R-TN]Rep. Theodore Deutch [D-FL]Rep. Norman Dicks [D-WA]
Rep. Lloyd Doggett [D-TX]Sen. Joe Donnelly [D-IN]Rep. Jeff Duncan [R-SC]Rep. Donna Edwards [D-MD]
Rep. Keith Ellison [D-MN]Rep. Jo Emerson [R-MO]Rep. Eliot Engel [D-NY]Rep. Anna Eshoo [D-CA]
Rep. Eni Faleomavaega [D-AS]Rep. Sam Farr [D-CA]Rep. Chaka Fattah [D-PA]Rep. Bob Filner [D-CA]
Rep. Michael Fitzpatrick [R-PA]Sen. Jeff Flake [R-AZ]Rep. Charles Fleischmann [R-TN]Rep. Bill Flores [R-TX]
Rep. Randy Forbes [R-VA]Rep. Jeff Fortenberry [R-NE]Rep. Barney Frank [D-MA]Rep. Rodney Frelinghuysen [R-NJ]
Rep. Marcia Fudge [D-OH]Rep. Elton Gallegly [R-CA]Rep. John Garamendi [D-CA]Sen. Cory Gardner [R-CO]
Rep. Jim Gerlach [R-PA]Rep. Christopher Gibson [R-NY]Rep. Charles Gonzalez [D-TX]Rep. Paul Gosar [R-AZ]
Rep. Trey Gowdy [R-SC]Rep. Al Green [D-TX]Rep. Gene Green [D-TX]Rep. Tim Griffin [R-AR]
Rep. Raul Grijalva [D-AZ]Rep. Frank Guinta [R-NH]Rep. Luis Gutierrez [D-IL]Rep. Janice Hahn [D-CA]
Rep. Colleen Hanabusa [D-HI]Rep. Vicky Hartzler [R-MO]Rep. Alcee Hastings [D-FL]Rep. Joseph Heck [R-NV]
Sen. Martin Heinrich [D-NM]Rep. Jaime Herrera Beutler [R-WA]Rep. Brian Higgins [D-NY]Rep. James Himes [D-CT]
Rep. Maurice Hinchey [D-NY]Rep. Ruben Hinojosa [D-TX]Sen. Mazie Hirono [D-HI]Rep. Kathleen Hochul [D-NY]
Rep. Tim Holden [D-PA]Rep. Rush Holt [D-NJ]Rep. Michael Honda [D-CA]Rep. Steny Hoyer [D-MD]
Rep. Jay Inslee [D-WA]Rep. Steve Israel [D-NY]Rep. Sheila Jackson-Lee [D-TX]Rep. Jesse Jackson [D-IL]
Rep. Lynn Jenkins [R-KS]Rep. Bill Johnson [R-OH]Rep. Eddie Johnson [D-TX]Rep. Henry Johnson [D-GA]
Rep. Sam Johnson [R-TX]Rep. Timothy Johnson [R-IL]Rep. Walter Jones [R-NC]Rep. Jim Jordan [R-OH]
Rep. Marcy Kaptur [D-OH]Rep. William Keating [D-MA]Rep. Dale Kildee [D-MI]Rep. Ron Kind [D-WI]
Rep. Larry Kissell [D-NC]Rep. Dennis Kucinich [D-OH]Rep. Raul Labrador [R-ID]Rep. Leonard Lance [R-NJ]
Rep. Jeffrey Landry [R-LA]Rep. James Langevin [D-RI]Rep. Rick Larsen [D-WA]Rep. John Larson [D-CT]
Rep. Tom Latham [R-IA]Rep. Robert Latta [R-OH]Rep. Barbara Lee [D-CA]Rep. Sander Levin [D-MI]
Rep. John Lewis [D-GA]Rep. Daniel Lipinski [D-IL]Rep. Frank LoBiondo [R-NJ]Rep. David Loebsack [D-IA]
Rep. Zoe Lofgren [D-CA]Rep. Billy Long [R-MO]Rep. Nita Lowey [D-NY]Rep. Blaine Luetkemeyer [R-MO]
Rep. Stephen Lynch [D-MA]Rep. Carolyn Maloney [D-NY]Rep. Kenny Marchant [R-TX]Sen. Edward Markey [D-MA]
Rep. Jim Matheson [D-UT]Rep. Doris Matsui [D-CA]Rep. Carolyn McCarthy [D-NY]Rep. Michael McCaul [R-TX]
Rep. Betty McCollum [D-MN]Rep. Thaddeus McCotter [R-MI]Rep. Jim McDermott [D-WA]Rep. James McGovern [D-MA]
Rep. Mike McIntyre [D-NC]Rep. Jerry McNerney [D-CA]Rep. Patrick Meehan [R-PA]Rep. Michael Michaud [D-ME]
Rep. Brad Miller [D-NC]Rep. Candice Miller [R-MI]Rep. George Miller [D-CA]Rep. Jeff Miller [R-FL]
Rep. Gwen Moore [D-WI]Rep. James Moran [D-VA]Sen. Christopher Murphy [D-CT]Rep. Tim Murphy [R-PA]
Rep. Sue Myrick [R-NC]Rep. Jerrold Nadler [D-NY]Rep. Grace Napolitano [D-CA]Rep. Richard Neal [D-MA]
Rep. Kristi Noem [R-SD]Rep. Eleanor Norton [D-DC]Rep. John Olver [D-MA]Rep. William Owens [D-NY]
Rep. Frank Pallone [D-NJ]Rep. Bill Pascrell [D-NJ]Rep. Ed Pastor [D-AZ]Rep. Erik Paulsen [R-MN]
Rep. Donald Payne [D-NJ]Rep. Ed Perlmutter [D-CO]Sen. Gary Peters [D-MI]Rep. Collin Peterson [D-MN]
Rep. Thomas Petri [R-WI]Rep. Pedro Pierluisi [N-PR]Rep. Chellie Pingree [D-ME]Rep. Joseph Pitts [R-PA]
Rep. Todd Platts [R-PA]Rep. Ted Poe [R-TX]Rep. Jared Polis [D-CO]Rep. Bill Posey [R-FL]
Rep. David Price [D-NC]Rep. Mike Quigley [D-IL]Rep. Nick Rahall [D-WV]Rep. Charles Rangel [D-NY]
Rep. Denny Rehberg [R-MT]Rep. David Reichert [R-WA]Rep. Silvestre Reyes [D-TX]Rep. Laura Richardson [D-CA]
Rep. Cedric Richmond [D-LA]Rep. Scott Rigell [R-VA]Rep. David Rivera [R-FL]Rep. Thomas Rooney [R-FL]
Rep. Ileana Ros-Lehtinen [R-FL]Rep. Dennis Ross [R-FL]Rep. Mike Ross [D-AR]Rep. Steven Rothman [D-NJ]
Rep. Lucille Roybal-Allard [D-CA]Rep. Jon Runyan [R-NJ]Rep. C.A. Ruppersberger [D-MD]Rep. Tim Ryan [D-OH]
Rep. Gregorio Sablan [D-MP]Rep. Linda Sanchez [D-CA]Rep. Loretta Sanchez [D-CA]Rep. John Sarbanes [D-MD]
Rep. Steve Scalise [R-LA]Rep. Janice Schakowsky [D-IL]Rep. Adam Schiff [D-CA]Rep. Robert Schilling [R-IL]
Rep. Jean Schmidt [R-OH]Rep. Kurt Schrader [D-OR]Rep. Allyson Schwartz [D-PA]Rep. Austin Scott [R-GA]
Rep. Robert Scott [D-VA]Sen. Tim Scott [R-SC]Rep. Jose Serrano [D-NY]Rep. Terri Sewell [D-AL]
Rep. Brad Sherman [D-CA]Rep. John Shimkus [R-IL]Rep. Heath Shuler [D-NC]Rep. Albio Sires [D-NJ]
Rep. Louise Slaughter [D-NY]Rep. Adam Smith [D-WA]Rep. Christopher Smith [R-NJ]Rep. Jackie Speier [D-CA]
Rep. Fortney Stark [D-CA]Rep. Cliff Stearns [R-FL]Rep. Betty Sutton [D-OH]Rep. Bennie Thompson [D-MS]
Rep. Mike Thompson [D-CA]Rep. John Tierney [D-MA]Rep. Scott Tipton [R-CO]Rep. Paul Tonko [D-NY]
Rep. Edolphus Towns [D-NY]Rep. Niki Tsongas [D-MA]Rep. Robert Turner [R-NY]Rep. Fred Upton [R-MI]
Sen. Chris Van Hollen [D-MD]Rep. Nydia Velazquez [D-NY]Rep. Peter Visclosky [D-IN]Rep. Tim Walberg [R-MI]
Rep. Joe Walsh [R-IL]Rep. Debbie Wasserman Schultz [D-FL]Rep. Maxine Waters [D-CA]Rep. Henry Waxman [D-CA]
Sen. Peter Welch [D-VT]Rep. Allen West [R-FL]Rep. Frederica Wilson [D-FL]Rep. Joe Wilson [R-SC]
Rep. Robert Wittman [R-VA]Rep. Frank Wolf [R-VA]Rep. Lynn Woolsey [D-CA]Rep. John Yarmuth [D-KY]
Rep. Kevin Yoder [R-KS]Rep. C.W. Young [R-FL]Sen. Todd Young [R-IN]

History

DateChamberAction
2012-02-01HouseMotion to Discharge Committee filed by Mr. Walz (MN). Petition No: 112-3. ( ">Discharge petition text with signatures.)
2011-12-06HouseCommittee Hearings Held.
2011-06-01HouseReferred to the Subcommittee on the Constitution.
2011-03-29HouseReferred to House Rules
2011-03-29HouseReferred to House Ethics
2011-03-29HouseReferred to House Judiciary
2011-03-29HouseReferred to House Administration
2011-03-29HouseReferred to the Subcommittee on General Farm Commodities and Risk Management.
2011-03-29HouseReferred to House Agriculture
2011-03-29HouseReferred to House Financial Services
2011-03-29HouseRereferred 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.
2011-03-29HouseCommittee on Ethics discharged.
2011-03-29HouseCommittee on Judiciary discharged.
2011-03-29HouseCommittee on House Administration discharged.
2011-03-29HouseCommittee on Agriculture discharged.
2011-03-29HouseCommittee on Financial Services discharged.
2011-03-29HouseRE-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.
2011-03-17HouseReferred to House Ethics
2011-03-17HouseReferred to House Judiciary
2011-03-17HouseReferred to House Administration
2011-03-17HouseReferred to House Agriculture
2011-03-17HouseReferred to House Financial Services
2011-03-17HouseReferred 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.

Same As/Similar To

SB1871 (Related) 2011-12-01 - Committee on Homeland Security and Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 112-344.
SB1903 (Related) 2011-12-01 - Committee on Homeland Security and Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 112-344.
SB2038 (Related) 2012-12-03 - By Senator Lieberman from Committee on Homeland Security and Governmental Affairs filed written report. Report No. 112-244.

Subjects


US Congress State Sources


Bill Comments

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