S 2038 in Congressional Session 112

Official Summary

 

Bill Number : S 2038

 

Title : STOCK Act

 

SUMMARY AS OF:
1/26/2012--Introduced. Stop Trading on Congressional Knowledge Act of 2012 or STOCK Act - Amends the Congressional Accountability Act of 1995 to prohibit Members of Congress and congressional employees from using any nonpublic information derived from their positions as Members or congressional employees, or gained from performance of the individual's duties, for personal benefit. Directs the congressional ethics committees to issue rules or regulations to carry out the purposes of this prohibition. Declares that such Members and employees are not exempt from the insider trading prohibitions of the Securities Exchange Act of 1934 and Rule 10b-5. Subjects violators of these prohibitions to appropriate punitive, disciplinary, and other remedial actions. Amends the Commodity Exchange Act to apply to Members and congressional employees its prohibitions against certain transactions involving the purchase or sale of any commodity in interstate commerce, or for future delivery, or any swap. Amends the Ethics in Government Act to require Members, congressional officers, and congressional employees to file reports on financial transactions. Directs the Comptroller General to report on the role of political intelligence in the financial markets. Requires that financial disclosure forms filed by Members and congressional officers and employees, as well as by candidates for Congress, in calendar year 2012 and in subsequent years be made available to the public on the respective official Senate and House of Representatives websites within 30 days after filing. Directs the Secretary of the Senate, the Sergeant at Arms of the Senate, and the Clerk of the House of Representatives to develop systems to enable the electronic filing of such reports as well as their on-line public availability. Prohibits federal employees from using for personal benefit any nonpublic information derived from their positions as federal employees, or gained from performance of their duties. Applies to them the insider trading prohibitions of the Securities Exchange Act of 1934 and Rule 10b-5, and subjects federal employees who violate these prohibitions to appropriate punitive, disciplinary, and other remedial actions.

Votes

Title : STOCK Act
Votes in the US Senate
Roll NumberVote DateQuestionDescriptionVote Result
32012-01-30On Cloture on the Motion to ProceedMotion to Invoke Cloture on the Motion to Proceed to Consider S. 2038; An original bill to prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes.A
142012-02-02On Passage of the BillS. 2038 As Amended; An original bill to prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes.P
132012-02-02On the Amendment S.Amdt. 1481Brown (OH) Amdt. No. 1481 As Modified; To prohibit financial conflicts of interest by Senators and staff.R
122012-02-02On the Amendment S.Amdt. 1493Grassley Amdt. No. 1493; To require disclosure of political intelligence activities under Lobbying Disclosure Act of 1995.A
112012-02-02On the Amendment S.Amdt. 1488DeMint Amdt. No. 1488; To express the sense of the Senate that the Senate should pass a joint resolution proposing an amendment to the Constitution that limits the number of terms a Member of Congress may serve.R
102012-02-02On the Amendment S.Amdt. 1473Coburn Amdt. No. 1473; To prevent the creation of duplicative and overlapping Federal programs.R
92012-02-02On the Amendment S.Amdt. 1500Inhofe Amdt. No. 1500; To prohibit unauthorized earmarks.R
82012-02-02On the Amendment S.Amdt. 1472Toomey Amdt. No. 1472; To prohibit earmarks.R
72012-02-02On the Amendment S.Amdt. 1491Shelby Amdt. No. 1491 As Modified; To extend the STOCK Act to ensure that the reporting requirements set forth in the STOCK Act apply to the executive branch and independent agencies.A
62012-02-02On the Amendment S.Amdt. 1511Lieberman Amdt. No. 1511; To extend the STOCK Act to ensure that the reporting requirements set forth in the STOCK Act apply to the executive branch and independent agencies.A
52012-02-02On the Amendment S.Amdt. 1487Paul Amdt. No. 1487; To prohibit executive branch appointees or staff holding positions that give them oversight, rule-making, loan or grant-making abilities over industries or companies in which they or their spouse have a significant financial interest.R
42012-02-02On the Amendment S.Amdt. 1484Paul Amdt. No. 1484; To require Members of Congress to certify that they are not trading using material, non-public information.R
562012-03-22On the Cloture MotionMotion to Invoke Cloture on the Motion to Concur in the House Amendment to S.2038; An original bill to prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes.A
Votes in the US House
Roll NumberVote DateQuestionDescriptionVote Result
472012-02-09On Motion to Suspend the Rules and Pass, as Amended To prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposesP

Sponsors

 
Congressional Sponsors of S 2038
 
Bill Number : S 2038

Title : STOCK Act

Sponsor: Sen Lieberman, Joseph I. [CT] (introduced 1/26/2012)      

COSPONSOR(S): ****NONE****

Other Info

Bill Number : S 2038

Title : STOCK Act

 
MAJOR ACTIONS:
 
1/26/2012 Introduced in Senate
 
1/26/2012 Committee on Homeland Security and Governmental Affairs. Original measure reported to Senate by Senator Lieberman. Without written report.
 
1/31/2012 Senate floor actions: Measure laid before Senate by unanimous consent.

 
ALL ACTIONS:
 
1/26/2012:Committee on Homeland Security and Governmental Affairs. Original measure reported to Senate by Senator Lieberman. Without written report.
 
1/26/2012:Placed on Senate Legislative Calendar under General Orders. Calendar No. 301.
 
1/26/2012:Motion to proceed to consideration of measure made in Senate. (consideration: CR S120; text: CR S120)
 
1/26/2012:Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S120)
 
1/30/2012:Motion to proceed to measure considered in Senate. (consideration: CR S142-149)
 
1/30/2012:Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 93 - 2. Record Vote Number: 3. (consideration: CR S148-149; text: CR S148-149)
 
1/31/2012:Motion to proceed to measure considered in Senate. (consideration: CR S181-187, S187-193, S194-200, S201-202; CR
 
2/1/2012 S238-250, S254)
 
1/31/2012:Motion to proceed to consideration of measure agreed to in Senate by Voice Vote. (consideration: CR S181)
 
1/31/2012:Measure laid before Senate by unanimous consent.