Ask AI
Bill117th CongressFiled Mar 2, 2021Finance and Financial Sector
H.R. 1528

Promoting Transparent Standards for Corporate Insiders Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house (Apr 20, 2021)

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.

What just happenedApr 22, 2021

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Waters, Maxine [D-CA-43](D-CA)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors2committees11actions1related bills7subjects
  1. Apr 22, 2021IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Apr 20, 2021FloorH37300

    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)

  3. Apr 20, 2021Floor8000

    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)

  4. Apr 20, 2021FloorH1B000

    Pursuant to the provisions of H. Res. 330, proceedings on H.R. 1528 are considered vacated.

  5. Apr 19, 2021FloorH37220

    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.

  6. Apr 19, 2021FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1528.

  7. Apr 19, 2021FloorH30000

    Considered under suspension of the rules. (consideration: CR H1913-1914; text: CR H1913-1914)

  8. Apr 19, 2021FloorH30300

    Mr. Perlmutter moved to suspend the rules and pass the bill.

  9. Mar 2, 2021IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  10. Mar 2, 2021IntroReferralIntro-H

    Introduced in House

  11. Mar 2, 2021IntroReferral1000

    Introduced in House

Passed HouseApr 20, 202153

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.

Introduced in HouseMar 2, 2021

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.

Promoting Transparent Standards for Corporate Insiders Act — Informed