Promoting Transparent Standards for Corporate Insiders Act
USA116th CongressS-573| Senate
| Updated: 11/17/2020
Chris Van Hollen
Democratic Senator
Maryland
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Promoting Transparent Standards for Corporate Insiders Act This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.
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Timeline
Latest Companion Bill Action
HR 116-624Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-456.
Finance and Financial Sector
Administrative law and regulatory proceduresCongressional oversightEmployee benefits and pensionsFinancial services and investmentsGovernment studies and investigationsSecuritiesSecurities and Exchange Commission (SEC)
Promoting Transparent Standards for Corporate Insiders Act
USA116th CongressS-573| Senate
| Updated: 11/17/2020
Promoting Transparent Standards for Corporate Insiders Act This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Latest Companion Bill Action
HR 116-624Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-456.
Chris Van Hollen
Democratic Senator
Maryland
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresCongressional oversightEmployee benefits and pensionsFinancial services and investmentsGovernment studies and investigationsSecuritiesSecurities and Exchange Commission (SEC)