S. 2211 · 117th Congress
Promoting Transparent Standards for Corporate Insiders Act
- Stage
- In committee
- Sponsor
- Chris Van Hollen
- Introduced
- 2021-06-24
- Latest action
- 2021-06-24 · Introduced in Senate
Summary
Promoting Transparent Standards for Corporate Insiders Act
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.