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Ban Conflicted Trading Act
2/8/2022, 11:17 PM
Congressional Summary of HR 6401
Ban Conflicted Trading Act
This bill prohibits a Member of Congress or certain congressional officers or employees from (1) purchasing or selling specified investments, (2) entering into a transaction that creates a net short position in a security, or (3) serving as an officer or member of any board of any for-profit entity.
Read the Full Bill
Current Status of Bill HR 6401
Bill HR 6401 is currently in the status of Bill Introduced since March 26, 2020. Bill HR 6401 was introduced during Congress 116 and was introduced to the House on March 26, 2020. Bill HR 6401's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, and House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 26, 2020
Bipartisan Support of Bill HR 6401
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
9Democrat Cosponsors
9Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6401
Primary Policy Focus
CongressPotential Impact Areas
- Civil actions and liability
- Commodities markets
- Congressional officers and employees
- Corporate finance and management
- Financial services and investments
- Government ethics and transparency, public corruption
- Members of Congress
- Securities
Alternate Title(s) of Bill HR 6401
Ban Conflicted Trading Act
To prohibit Members of Congress from purchasing or selling certain investments, and for other purposes.
Ban Conflicted Trading Act
Comments
Sponsors and Cosponsors of HR 6401
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