STOCK Act 2.0

Hozzl · 2024-01-25T19:00:21Z

Explore the details of Senate Bill 3555 STOCK Act 2.0 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Congress. Stay informed on legislative developments.

1/25/2024, 7:00 PM

Summary of Bill S 3555

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.

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Current Status of Bill S 3555

Bill S 3555 is currently in the status of Bill Introduced since December 18, 2023. Bill S 3555 was introduced during Congress 118 and was introduced to the Senate on December 18, 2023. Bill S 3555's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of December 18, 2023

Bipartisan Support of Bill S 3555

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill S 3555

Primary Policy Focus

Congress

Alternate Title(s) of Bill S 3555

STOCK Act 2.0

A bill to amend chapter 131 of title 5, United States Code, and the STOCK Act to require certain senior officials to report payments received from the Federal Government, to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very senior employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes.