To require the Securities and Exchange Commission to carry out a study of Rule 10b5-1 trading plans, and for other purposes.
Promoting Transparent Standards for Corporate Insiders Act
This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such 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.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported by the Committee on Financial Services. H. Rept. 115-891.
Reported by the Committee on Financial Services. H. Rept. 115-891.
Placed on the Union Calendar, Calendar No. 689.
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