H.R. 3639 (112th): To amend the Ethics in Government Act of 1978 to require federally elected officials to place their stocks, bonds, commodities futures, and other forms of securities in a blind trust.

Introduced:
Dec 13, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Richard Nugent [R-FL5]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on December 13, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 13, 2011
Referred to Committee Dec 13, 2011
Cosponsors
5 cosponsors (5R) (show)
Committees

House House Administration

House Oversight and Government Reform

The committee chair determines whether a bill will move past the committee stage.

Summary

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Text

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Last updated Dec 13, 2011.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

12/13/2011--Introduced.
Prevent Insider Trading by Elected Officials Act - Amends the Ethics in Government Act of 1978 to require the President, Vice President, and each Member of Congress to place all of his or her stocks, bonds, commodities futures, and other forms of securities, including securities held jointly with a spouse, in a qualified blind trust.
Exempts from such requirement any financial interests in or income derived from:
(1) the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS), including the Thrift Savings Plan (TSP);
(2) any other federal retirement system for U.S. officers and employees, including the President, or for members of the uniformed services; or
(3) benefits received under the Social Security Act. Requires such individuals to comply with this Act within 30 days after taking office, or, if an incumbent, within 30 days after enactment of this Act. Allows the President and Vice President to file with the Director of the Office of Government Ethics for an additional 30-day extension in order to comply with this Act. Allows a Member of Congress to file, as appropriate, with the Clerk of the House of Representatives or the Secretary of the Senate for such 30-day extension.
Authorizes the Attorney General to bring a civil action against the President, the Vice President, or any Member of Congress for noncompliance with this Act.

House Republican Conference Summary

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