arrow_back Civic Audit
Share share

Ban on Insider Trading Before Public Company Announcements

New rules aim to prevent unfair stock trading by company directors and executives. They will be prohibited from buying or selling company shares before the company publicly announces significant events that could affect stock value. This is intended to increase market fairness and protect ordinary investors.
Key points
Prohibits company officers and directors from trading securities during the period between a significant event and its public disclosure.
Aims to prevent the use of confidential information for personal financial gain.
The Securities and Exchange Commission (SEC) has one year to issue detailed rules for this prohibition.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_S_2360
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2021-07-15
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

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_S_2360.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-15.

What are the main provisions?

Key points include:

  • Prohibits company officers and directors from trading securities during the period between a significant event and its public disclosure.
  • Aims to prevent the use of confidential information for personal financial gain.
  • The Securities and Exchange Commission (SEC) has one year to issue detailed rules for this prohibition.
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

Economy Courts and Law