S.350 - End Congressional Stock Market Abuse Act of 2017115th Congress (2017-2018) |
|Sponsor:||Sen. Franken, Al [D-MN] (Introduced 02/09/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 02/09/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.350 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (02/09/2017)
End Congressional Stock Market Abuse Act of 2017
This bill amends the Securities Exchange Act of 1934 to prohibit Members of Congress, in securities transactions, from receiving a discounted purchase price or a premium sales price.
This prohibition shall not apply if the Member of Congress reasonably believes that the discount or premium was obtained in a manner generally available to the public.