Plain Language Summary
# STOCK Act 2.0 Summary **What the Bill Would Do:** STOCK Act 2.0 would impose stricter rules on stock trading by members of Congress and their staff. While a previous STOCK Act (passed in 2012) already banned Congress members from trading on non-public information they learn through their jobs, this updated version would likely expand those restrictions and close loopholes that have allowed some trading activity to continue. **Who It Affects:** The bill primarily targets U.S. senators, House representatives, and congressional staff members.
It could also potentially affect their spouses and immediate family members, depending on the specific provisions included. **Current Status:** The bill (HR 3779) has been introduced in the House but remains in committee and has not yet been voted on. Without seeing the detailed text of the specific provisions, it's difficult to specify exactly what new restrictions or requirements it would add beyond the existing 2012 STOCK Act framework. *Note: For a complete understanding of the specific provisions, you would need to review the full bill text, which may be available through Congress.gov.*.
Latest Action
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.