Iowa SF557 prohibits members of the general assembly, legislative staff, and their immediate family from trading covered financial instruments based.

Iowa SF557 establishes rules for transactions involving covered financial instruments by members of the general assembly, legislative staff, and their immediate family. The bill defines covered financial instruments and prohibits transactions based on nonpublic information that could affect market value. Members and staff must report such transactions to the Iowa ethics and campaign disclosure board within 30 days. The board investigates violations, refers cases to appropriate authorities, and submits annual reports to the general assembly.

Iowa SF557 prohibits members of the general assembly, legislative staff, and their immediate family from trading covered financial instruments based.

Iowa SF557 establishes rules for transactions involving covered financial instruments by members of the general assembly, legislative staff, and their immediate family. The bill defines covered financial instruments and prohibits transactions based on nonpublic information that could affect market value. Members and staff must report such transactions to the Iowa ethics and campaign disclosure board within 30 days. The board investigates violations, refers cases to appropriate authorities, and submits annual reports to the general assembly.