Promoting Transparent Standards for Corporate Insiders Act

Bill: 117-hr-1528
Sponsor: Rep. Waters, Maxine [D-CA-43]
Introduced: 2021-03-02 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Congressional oversight
Employee benefits and pensions
Financial services and investments
Government studies and investigations
Securities
Securities and Exchange Commission (SEC)

Summary:
action_date: 2021-03-02
text: 

Promoting Transparent Standards for Corporate Insiders Act 

 
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to limit the ability of issuers of securities and issuer insiders to adopt Rule 10b5-1 trading plans. These plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions. The SEC must revise regulations consistent with the results of the study. 

action_date: 2021-04-20
text: 

Promoting Transparent Standards for Corporate Insiders Act 

 
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to limit the ability of issuers of securities and issuer insiders to adopt Rule 10b5-1 trading plans. These plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions. The SEC must revise regulations consistent with the results of the study. 


Legislative actions:
action_date: 2021-04-22
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2021-04-20
text: Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended. (consideration: CR H1979-1994; text: CR H1988-1989)
action_date: 2021-04-20
text: Passed/agreed to in House: Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended.(consideration: CR H1979-1994; text: CR H1988-1989)
action_date: 2021-04-20
text: Pursuant to the provisions of H. Res. 330, proceedings on H.R. 1528 are considered vacated.
action_date: 2021-04-19
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2021-04-19
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1528.
action_date: 2021-04-19
text: Considered under suspension of the rules. (consideration: CR H1913-1914; text: CR H1913-1914)
action_date: 2021-04-19
text: Mr. Perlmutter moved to suspend the rules and pass the bill.
action_date: 2021-03-02
text: Referred to the House Committee on Financial Services.
action_date: 2021-03-02
text: Introduced in House
action_date: 2021-03-02
text: Introduced in House