Bill 118 s 3555, also known as the STOCK Act 2.0, is a piece of legislation introduced in the US Congress. The bill aims to strengthen and expand upon the original STOCK Act, which was passed in 2012 to prevent insider trading by members of Congress and government officials.
The STOCK Act 2.0 includes several key provisions. First, it requires members of Congress and certain government officials to disclose their financial transactions within 45 days of making them. This is intended to increase transparency and accountability in government.
Second, the bill prohibits members of Congress and government officials from trading stocks based on nonpublic information that they have access to in their official capacity. This is meant to prevent insider trading and ensure that elected officials are not using their positions for personal financial gain.
Additionally, the STOCK Act 2.0 includes measures to strengthen enforcement of the law, such as increasing penalties for violations and providing additional resources to the agencies responsible for monitoring and enforcing compliance.
Overall, the STOCK Act 2.0 is aimed at promoting ethical behavior and integrity among members of Congress and government officials, and ensuring that they are held accountable for their financial dealings.