HR 1148

112th CONGRESS
1st Session

H. R. 1148

To prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 17, 2011

Mr. WALZ of Minnesota (for himself and Ms. SLAUGHTER) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, House Administration, the Judiciary, and Select Ethics, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. NONPUBLIC INFORMATION RELATING TO CONGRESS AND OTHER FEDERAL EMPLOYEES.

SEC. 3. AMENDMENT TO THE RULES OF THE HOUSE OF REPRESENTATIVES REGARDING FINANCIAL TRADING BASED ON NONPUBLIC INFORMATION.

SEC. 4. COMMITTEE HEARINGS ON IMPLEMENTATION.

SEC. 5. TIMELY REPORTING OF FINANCIAL TRANSACTIONS.

SEC. 6. DISCLOSURE OF POLITICAL INTELLIGENCE ACTIVITIES UNDER LOBBYING DISCLOSURE ACT.

SEC. 7. EFFECTIVE DATE.

END