To amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by those who possess material, nonpublic information.
Insider Trading Prohibition Act
This bill generally provides statutory authority for the prohibition against securities trading, as well as related communications to others, by a person aware of material, nonpublic information. The bill further provides, for purposes of establishing a violation of this prohibition, that it is not necessary for such a person to know specifically how such information was obtained or whether a personal benefit was paid or promised.
Motion to reconsider laid on the table Agreed to without objection.
Introduced in House
Referred to the House Committee on Financial Services.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-219.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-219.
Placed on the Union Calendar, Calendar No. 172.
Rules Committee Resolution H. Res. 739 Reported to House. Rule provides for consideration of H.R. 2534 and H. Con. Res. 77. Resolution provides for consideration of H.R. 2534 under a structured rule, and makes in order that a motion to discharge H. Con. Res. 77 shall be in order on December 11, 2019.
Considered under the provisions of rule H. Res. 739. (consideration: CR H9271-9279)
Rule provides for consideration of H.R. 2534 and H. Con. Res. 77. Resolution provides for consideration of H.R. 2534 under a structured rule, and makes in order that a motion to discharge H. Con. Res. 77 shall be in order on December 11, 2019.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 739 and Rule XVIII.
The Speaker designated the Honorable Terri A. Sewell to act as Chairwoman of the Committee.
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GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2534.
DEBATE - Pursuant to the provisions of H.Res. 739, the Committee of the Whole proceeded with 10 minutes of debate on the McHenry amendment No. 1.
DEBATE - Pursuant to the provisions of H. Res. 739, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 2.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2534.
The previous question was ordered pursuant to the rule.
The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 410 - 13 (Roll no. 649).
Roll Call #649 (House)On passage Passed by the Yeas and Nays: 410 - 13 (Roll no. 649).
Roll Call #649 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.