RULES COMMITTEE PRINT 116-39 TEXT OF H.R. 2534, THE INSIDER TRADING PROHIBITION ACT
[House Prints 116-39]
[From the U.S. Government Publishing Office]
NOVEMBER 22, 2019
RULES COMMITTEE PRINT 116-39
TEXT OF H.R. 2534, THE INSIDER TRADING
[Showing the text of H.R. 2534, as reported by the Committee
on Financial Services, with modifications]
1 SECTION 1 SHORT TITLE.
2 This Act may be cited as the "Insider Trading Prohi-
3 bition Act".
4 SEC. 2. PROHIBITION ON INSIDER TRADING.
5 (a) IN GENERAL.--The Securities Exchange Act of
6 1934 (15 U.S.C. 78a et seq.) is amended by inserting after
7 section 16 the following new section:
8 "SEC. 16A. PROHIBITION ON INSIDER TRADING.
9 "(a) PROHIBITION AGAINST TRADING SECURITIES
10 WHILE AWARE OF MATERIAL, NONPUBLIC INFORMA-
11 TION.--It shall be unlawful for any person, directly or in-
12 directly, to purchase, sell, or enter into, or cause the pur-
13 chase or sale of or entry into, any security, security-based
14 swap, or security-based swap agreement, while aware of
15 material, nonpublic information relating to such security,
16 security-based swap, or security-based swap agreement, or
17 relating to the market for such security, security-based
18 swap, or security-based swap agreement, if such person
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