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Prohibition of Insider Trading: New Rules for Fair Markets

This act aims to strengthen rules against insider trading. It means individuals with non-public information that could affect stock prices cannot use it for personal gain or share it with others. This protects market fairness and ensures equal opportunities for all investors.
Key points
Prohibits buying or selling securities while possessing confidential information obtained wrongfully.
Prohibits wrongfully communicating confidential information to others if it's foreseeable they will use it for unfair trading.
Enhances investor protection by increasing transparency and fairness in financial markets.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2655
Sponsor: Rep. Himes, James A. [D-CT-4]
Process start date: 2021-04-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Insider Trading Prohibition Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2655.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-19.

What are the main provisions?

Key points include:

  • Prohibits buying or selling securities while possessing confidential information obtained wrongfully.
  • Prohibits wrongfully communicating confidential information to others if it's foreseeable they will use it for unfair trading.
  • Enhances investor protection by increasing transparency and fairness in financial markets.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Himes, James A. [D-CT-4].

What is the latest detailed status?

The latest detailed status is: Pursuant to section 5 of H. Res. 403, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 144, as amended; H.R. 204, as amended; H.R. 210, as amended; H.R. 240; H.R. 707, as amended; H.R. 711, as amended; H.R. 1157, as amended; H.R. 1447, as amended; H.R. 1510, as amended; H.R. 1711, as amended; H.R. 2027; H.R. 2167, as amended; H.R. 2441; H.R. 2494; H.R. 2533; H.R. 2655, as amended; H.R. 2695, H.R. 2704; H.R. 2788; H.R. 2878, as amended; and H.R. 3008. (consideration: CR H2482-2520; text: CR H2515)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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