OFFICIAL LEGAL TITLE
8–K Trading Gap Act of 2021
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 117_HR_4467.
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 2021-07-16.
What are the main provisions?
Key points include:
- Company directors and executives will be prohibited from buying or selling their company's shares just before key events, like financial changes or major decisions, are publicly disclosed.
- The goal is to prevent the use of confidential information for personal gain before it becomes public.
- These rules are intended to boost confidence in the capital market and ensure all investors have a fair chance.
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. Maloney, Carolyn B. [D-NY-12].
What is the latest detailed status?
The latest detailed status is: Referred to the House Committee on Financial Services.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.