H.R. 6320: Promoting Transparent Standards for Corporate Insiders Act

CBO Score

$1 million

Documentation

Date of Report

Tue July 17th, 2018

CBO Report Details

Legislation Details

115th Congress

To require the Securities and Exchange Commission to carry out a study of Rule 10b5-1 trading plans, and for other purposes.

Sponsor: Rep. Maxine Waters — D — CA

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.

View the full vote history of this bill on GovTrack.us.

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