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New Rules for Corporate Insider Trading: Closing the 8-K Information Gap.

This bill aims to enhance fairness in the stock market by prohibiting public company officers and directors from trading securities during a critical period. This period spans from the occurrence of a major company event (like a merger) until its official disclosure via a Form 8-K report. For everyday investors, this means better protection against corporate insiders exploiting non-public information, fostering greater market trust.
Key points
Bans executive officers and directors from trading company stock between a significant corporate event and its public filing (Form 8-K).
The goal is to prevent insider trading, thereby increasing trust and fairness in the stock market for all investors.
The Securities and Exchange Commission (SEC) is required to issue detailed implementing rules within one year.
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Expired
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Additional Information
Print number: 118_S_5127
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2024-09-19
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

8–K Trading Gap Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_5127.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-09-19.

What are the main provisions?

Key points include:

  • Bans executive officers and directors from trading company stock between a significant corporate event and its public filing (Form 8-K).
  • The goal is to prevent insider trading, thereby increasing trust and fairness in the stock market for all investors.
  • The Securities and Exchange Commission (SEC) is required to issue detailed implementing rules within one year.
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 2025-12-26.

CATEGORIES

Economy Courts and Law