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.

Introduced:
Dec 01, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Francisco “Quico” Canseco
Representative for Texas's 23rd congressional district
Party
Republican
Text
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Last Updated
Dec 01, 2011
Length
3 pages
 
Status

This resolution was introduced on December 1, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 01, 2011
Referred to Committee Dec 01, 2011
 
Summary

No summaries available.

Cosponsors
8 cosponsors (8R) (show)
Committees

House Ethics

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.Res. stands for House simple resolution.

A simple resolution is used for matters that affect just one chamber of Congress, often to change the rules of the chamber to set the manner of debate for a related bill. It must be agreed to in the chamber in which it was introduced. It is not voted on in the other chamber and does not have the force of law.

The resolution’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


12/1/2011--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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