Stop Insider Trading Act restricts Members of Congress and their families from buying or selling certain investments.
The Stop Insider Trading Act aims to prevent insider trading by Members of Congress and their families. It prohibits Members of Congress, their spouses, and dependent children from purchasing or selling covered investments, which include securities from publicly traded companies and similar interests. Exceptions are made for transactions made on behalf of others, as part of employment compensation, or in fulfillment of fiduciary duties. Members must publicly disclose any intended sale of covered investments 7 to 14 days before the sale.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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