Stop Insider Trading Act prohibits Members of Congress and their families from buying or selling stocks in publicly traded companies.
The Stop Insider Trading Act restricts Members of Congress, their spouses, and dependent children from purchasing or selling stocks in publicly traded companies. The bill defines "covered investments" as securities issued by publicly traded companies or similar economic interests. Exceptions include investments held in a trust where the Member of Congress has no authority over the trustee and the trustee is not a close relative. The bill also requires Members of Congress to publicly disclose their intent to sell a covered investment at least 7 days before the sale.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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