About the bill
The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.
The bill was introduced by Joe Lieberman, independent United States Senator for Connecticut, on January 26, 2012, and passed in the Senate by a 96–3 vote. Later the House of Representatives passed it by a 417–2 vote. The bill was supported heavily by vulnerable incumbents and signed into law by President Obama. …
Sponsor and status
Joseph Lieberman
Sponsor. Senator for Connecticut. Independent.
112th Congress (2011–2013)
Enacted — Signed by the President on Apr 4, 2012
This bill was enacted after being signed by the President on April 4, 2012.
Position statements
What legislators are saying
“Grassley seeks same transparency from political intelligence professionals as lobbyists”
—
Sen. Charles “Chuck” Grassley [R-IA]
on Feb 2, 2012
“Statement Of Senator Patrick Leahy On the Public Corruption Prosecution Improvements Act of 2011, An Amendment To The STOCK Act”
—
Sen. Patrick Leahy [D-VT, 1975-2022]
on Jan 31, 2012
“Cardin votes for final passage of bill to make congressional insider trading illegal”
—
Sen. Benjamin Cardin [D-MD]
on Mar 22, 2012
Incorporated legislation
This bill incorporates provisions from:
S. 1261: Congressional Integrity and Pension Forfeiture Act of 2011
Introduced on Jun 22, 2011. 88% incorporated. (compare text)
History
S. 2038 (112th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number S. 2038. This is the one from the 112th Congress.
This bill was introduced in the 112th Congress, which met from Jan 5, 2011 to Jan 3, 2013. Legislation not passed by the end of a Congress is cleared from the books.
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.