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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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Status:
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
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

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.

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