Exhibit 741 ยท Statute
Stop Trading on Congressional Knowledge Act of 2012, Public Law 112-105 (S. 2038)
each Member of Congress or employee of Congress owes a duty arising from a relationship of trust and confidence to the Congress, the United States Government, and the citizens of the United States with respect to material, nonpublic information derived from such person's position as a Member of Congress or employee of Congress or gained from the performance of such person's official responsibilities.
Sec. 3 directs the House and Senate ethics committees to issue guidance that members and employees may not use nonpublic information for private profit. Sec. 4 affirms that members and employees are not exempt from insider trading law. Sec. 6 adds EIGA s.103(l): a report of each covered transaction within 30 days of notification and no later than 45 days after the transaction, for Members and congressional employees among others. Sec. 7 orders a GAO report on political intelligence. Sec. 8 required public online posting of members' and staff's disclosure forms and electronic filing within 18 months.
- Source
- U.S. Congress
- Date
- 4 April 2012
- Quoted from
- Sec. 4(b)(2), new s.21A(g)(1) of the Securities Exchange Act of 1934, 126 Stat. 292
- Grade
- Primary record
- Document
- https://www.govinfo.gov/content/pkg/PLAW-112publ105/html/PLAW-112publ105.htm
- Accessed
- 2026-11-09
- Cited by
- Findings citing this exhibit