Insider Trading Prohibition Act

House Bill 2534 - Insider Trading Prohibition Act: Overview, Status, and Impact

Hozzl · 2022-11-01T13:49:46Z

Explore the details of House Bill 2534 Insider Trading Prohibition Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

11/1/2022, 1:49 PM

Congressional Summary of HR 2534

Insider Trading Prohibition Act

This bill generally provides statutory authority for the prohibition against securities trading, as well as related communications to others, by a person aware of material, nonpublic information. The bill further provides, for purposes of establishing a violation of this prohibition, that it is not necessary for such a person to know specifically how such information was obtained or whether a personal benefit was paid or promised.

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Current Status of Bill HR 2534

Bill HR 2534 is currently in the status of Bill Introduced since May 7, 2019. Bill HR 2534 was introduced during Congress 116 and was introduced to the House on May 7, 2019. Bill HR 2534's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 9, 2019

Bipartisan Support of Bill HR 2534

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2534

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Fraud offenses and financial crimes

- Government information and archives

- Securities

Alternate Title(s) of Bill HR 2534

Insider Trading Prohibition Act

To amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by those who possess material, nonpublic information.

Insider Trading Prohibition Act