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Transparent Trading: New Rules for Corporate Insiders

This legal act requires the Securities and Exchange Commission (SEC) to study and potentially amend rules for trading plans used by corporate insiders. The goal is to enhance transparency and prevent unfair practices, which could impact market trust and protect investors, including ordinary citizens saving for retirement or investing their money.
Key points
The SEC will study limiting insiders' ability to adopt multiple trading plans.
A mandatory delay between adopting a trading plan and the first trade will be considered.
Insiders may be required to file all plan adoptions, amendments, and transactions with the SEC for increased oversight.
Company boards might be mandated to monitor transactions and establish internal policies for these plans.
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Status:
Expired
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Additional Information
Print number: 117_S_2211
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2021-06-24
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Promoting Transparent Standards for Corporate Insiders Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2211.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-24.

What are the main provisions?

Key points include:

  • The SEC will study limiting insiders' ability to adopt multiple trading plans.
  • A mandatory delay between adopting a trading plan and the first trade will be considered.
  • Insiders may be required to file all plan adoptions, amendments, and transactions with the SEC for increased oversight.
  • Company boards might be mandated to monitor transactions and establish internal policies for these plans.
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 Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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.

CATEGORIES

Courts and Law Economy