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Faster Stock Transaction Disclosure for Public Officials

This new act significantly shortens the deadlines for public officials to report their stock transactions. Instead of the previous 30 or 45 days, they will now have to report within 24 or 72 hours. This aims to increase transparency and public trust in the actions of government officials.
Key points
Public officials must report stock transactions within 24 hours of being notified of the reporting requirement.
The maximum deadline for reporting a stock transaction is now 72 hours after the transaction, down from 45 days.
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Expired
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Additional Information
Print number: 118_HR_7485
Sponsor: Rep. Burchett, Tim [R-TN-2]
Process start date: 2024-02-29
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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

Immediate Stock Disclosure Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7485.

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 2024-02-29.

What are the main provisions?

Key points include:

  • Public officials must report stock transactions within 24 hours of being notified of the reporting requirement.
  • The maximum deadline for reporting a stock transaction is now 72 hours after the transaction, down from 45 days.
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. Burchett, Tim [R-TN-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Courts and Law Economy