8–K Trading Gap Act of 2024
10/7/2024, 2:51 PMSummary of Bill S 5127
Bill 118 s 5127, also known as the 8-K Trading Gap Act of 2024, is a piece of legislation introduced in the US Congress. The purpose of this bill is to address concerns regarding the trading gap that occurs between the time a company files a Form 8-K with the Securities and Exchange Commission (SEC) and when the information in the form becomes publicly available.The bill aims to reduce the potential for insider trading and market manipulation by requiring companies to disclose material information in a more timely manner. Specifically, the bill mandates that companies must make the information contained in a Form 8-K publicly available within 24 hours of filing it with the SEC.
Additionally, the bill includes provisions to enhance transparency and accountability in the financial markets. It requires the SEC to conduct a study on the impact of the trading gap on market integrity and investor confidence, and to report its findings to Congress within one year of the bill's enactment. Overall, the 8-K Trading Gap Act of 2024 seeks to promote fairness and efficiency in the financial markets by ensuring that material information is promptly disclosed to the public, thereby reducing the potential for market abuse and protecting the interests of investors.
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Current Status of Bill S 5127
Bill S 5127 is currently in the status of Bill Introduced since September 19, 2024. Bill S 5127 was introduced during Congress 118 and was introduced to the Senate on September 19, 2024. Bill S 5127's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 19, 2024Bipartisan Support of Bill S 5127
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5127
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 5127
8–K Trading Gap Act of 20248–K Trading Gap Act of 2024A bill to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to issue rules that prohibit officers and directors of certain companies from trading securities in anticipation of a current report, and for other purposes.Comments
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Sponsors and Cosponsors of S 5127
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