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Promoting Transparent Standards for Corporate Insiders Act

12/31/2022, 5:26 AM

Congressional Summary of S 2211

Promoting Transparent Standards for Corporate Insiders Act

This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.

Current Status of Bill S 2211

Bill S 2211 is currently in the status of Bill Introduced since June 24, 2021. Bill S 2211 was introduced during Congress 117 and was introduced to the Senate on June 24, 2021.  Bill S 2211's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of June 24, 2021

Bipartisan Support of Bill S 2211

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2211

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures
- Congressional oversight
- Employee benefits and pensions
- Financial services and investments
- Government studies and investigations
- Securities
- Securities and Exchange Commission (SEC)

Alternate Title(s) of Bill S 2211

A bill to require the Securities and Exchange Commission to carry out a study of rule 10b5-1 trading plans, and for other purposes.
Promoting Transparent Standards for Corporate Insiders Act
Promoting Transparent Standards for Corporate Insiders Act

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