H.R. 2534 · 116th Congress
Insider Trading Prohibition Act
- Stage
- Passed a chamber
- Sponsor
- Jim Himes
- Introduced
- 2019-05-07
- Latest action
- 2019-12-09 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Insider Trading Prohibition Act
This bill generally provides statutory authority for the prohibition against securities trading, as well as related communications to others, by a person aware of material, nonpublic information. The bill further provides, for purposes of establishing a violation of this prohibition, that it is not necessary for such a person to know specifically how such information was obtained or whether a personal benefit was paid or promised.