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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]


 

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                            NOVEMBER 22, 2019 
 
                       RULES COMMITTEE PRINT 116-39  
                       
                 TEXT OF H.R. 2534, THE INSIDER TRADING  
                             PROHIBITION ACT  
                             
        [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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