Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4520-4521)
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Prohibits people with insider information from trading stocks before public disclosure.
The problem
Some corporate executives and officials use secret company information to buy or sell stocks illegally, gaining unfair advantages and harming regular investors.
The proposal
The bill creates new penalties and enforcement mechanisms to prevent trading based on non-public information and strengthens Securities and Exchange Commission oversight.
The impact
Corporate insiders, investors, and financial markets affected. Insiders face stricter rules; regular investors get fairer markets; companies must monitor trading more closely.
Regular investors have equal information access. Insiders cannot unfairly profit before news becomes public. This builds public confidence in market honesty.
Stronger penalties deter executives from misusing confidential information. Companies benefit from having honest trading practices.
SEC gets stronger tools to catch violations. Clear rules make investigation and prosecution easier.
Retail investors suffer less from insider trading schemes. Market integrity improves, protecting retirement accounts and savings.
Executives may hesitate to own company stock even legitimately, reducing their financial interest in company success.
SEC needs more staff and resources to investigate violations. Government spending increases.
Companies must spend money monitoring employee trades and training staff on rules. Smaller firms may struggle with expenses.
Unclear what counts as 'insider information' in borderline cases. Executives may face legal risk even for innocent trades.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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