US SB573 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 27 2019 - 25% progression, died in chamber
Action: 2020-11-17 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 27 2019 - 25% progression, died in chamber
Action: 2020-11-17 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Promoting Transparent Standards for Corporate Insiders Act
Sponsors
| Sen. Chris Van Hollen [D-MD] | Sen. Deb Fischer [R-NE] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-11-17 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
| 2019-02-27 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB624 (Related) 2019-01-29 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative law and regulatory procedures
Congressional oversight
Employee benefits and pensions
Finance and financial sector
Financial services and investments
Government studies and investigations
Securities
Securities and Exchange Commission (SEC)
Congressional oversight
Employee benefits and pensions
Finance and financial sector
Financial services and investments
Government studies and investigations
Securities
Securities and Exchange Commission (SEC)
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/573/all-info |
| Text | https://www.congress.gov/116/bills/s573/BILLS-116s573is.pdf |
