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H.R. 2534: Insider Trading Prohibition Act

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To amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by those who possess material, nonpublic information.

The bill’s titles are written by its sponsor.

Sponsor and status

James Himes

Sponsor. Representative for Connecticut's 4th congressional district. Democrat.

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Last Updated: Dec 9, 2019
Length: 7 pages
Introduced
May 7, 2019
116th Congress (2019–2021)
Status

Passed House (Senate next) on Dec 5, 2019

This bill passed in the House on December 5, 2019 and goes to the Senate next for consideration.

Prognosis
4% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

Himes Bipartisan Insider Trading Bill Passes House
    — Rep. James Himes [D-CT4] (Sponsor) on Dec 5, 2019

Stefanik Helps House Pass Legislation Prohibiting Insider Trading
    — Rep. Elise Stefanik [R-NY21] on Dec 5, 2019

Rep. Chip Roy Regarding His Vote On H.R. 2534 - Insider Trading Prohibition Act
    — Rep. Chip Roy [R-TX21] on Dec 5, 2019

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 2534 will be negligible.

History

May 7, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Sep 27, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. The House Committee on Financial Services issued the report which may provide insight into the purpose of the legislation.

Dec 5, 2019
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Sep 17, 2020
 
Considered by Investor Protection, Entrepreneurship, and Capital Markets

A committee held a hearing or business meeting about the bill.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 2534 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 2534. This is the one from the 116th Congress.

How to cite this information.

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“H.R. 2534 — 116th Congress: Insider Trading Prohibition Act.” www.GovTrack.us. 2019. November 26, 2020 <https://www.govtrack.us/congress/bills/116/hr2534>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.