Top Legislation - View All
Also tagged in: Administrative procedure, Air pollution, Air pollution control, Alcohol as fuel, Alternative energy sources, Arctic Ocean, Arctic regions, Automobile engines, Automobile industry, Biological diversity, Budgets, Business, Carbon cycle, Carbon dioxide, Climate change, Cogeneration of electric power and heat, Congress, Congressional reporting requirements, Coral reefs, Department of Commerce, Droughts, Economic growth, Economic impact statements, Economic policy, Ecosystem management, Electric power plants, Electric utilities, Electric vehicles, Emissions trading, Energy, Energy conservation, Energy consumption, Energy efficiency, Environmental monitoring, Environmental protection, Environmental Protection Agency, Environmental research, Executive departments, Executive reorganization, Fines (Penalties), Floods, Fluorocarbons, Foreign policy, Fuel cells, Fuel consumption, Gasoline, Government information, Government paperwork, Government publicity, Government trust funds, Governmental investigations, Greenhouse gases, Hurricanes, Hydrology, Income tax, Information disclosure (Securities law), International affairs, International environmental cooperation, Law, Marine ecology, Marine resources, Methane, Motor vehicle pollution control, Natural resources, Negotiations, Nitrogen oxides, Petroleum industry, Research and development, Science policy, Sea level, Securities regulation, Service stations, Standards, Storms, Sulphur, Tax credits, Taxation, Technological innovations, Technology, Technology transfer, Tornadoes, Transportation, Treaties, Tsunamis, Water resources, Weather
Latest Action: 02/01/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Clean Air Act to establish an economy-wide global warming pollution emission cap-and-trade program to assist the economy in transitioning to new clean energy technologies, to protect employees and affected communities, to protect companies and consumers from significant increases in energy costs, and for other purposes. 2/1/2007--Introduced. Global Warming Pollution Reduction Act of 2007 - Amends the Clean Air Act to direct the Environmental Protection Agency (EPA) to: (1) promulgate regulations necessary to reduce the aggregate net level of global warming pollution emissions; and (2) establish a market-based emissions cap and global warming pollutants trading program. Establishes the Climate Reinvestment Fund. Requires EPA to: (1) establish, and revise every five years, standards for passenger vehicle emissions; and (2) research global climate change standards and processes. Sets forth requirements for retail electricity suppliers [...] show full description
Also tagged in: Accounting, Administrative procedure, Associations, institutions, etc., Auditing, Business, Business records, Congress, Congressional committees (House), Congressional reporting requirements, Congressional witnesses, Corporate finance, Executive departments, Federal officials, Finance, Financial statements, Government employees, Government information, Government paperwork, House Financial Services, Independent regulatory commissions, Information disclosure (Securities law), Interactive media, Investors, Law, Nonprofit organizations, Social services, Standards, Technology
Latest Action: 02/28/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting. 2/27/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective Chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity [...] show full description
Also tagged in: Accounting, Administrative procedure, Associations, institutions, etc., Auditing, Business, Business records, Congress, Congressional committees (House), Congressional committees (Senate), Congressional reporting requirements, Congressional witnesses, Corporate finance, Executive departments, Federal officials, Finance, Financial statements, Government employees, Government information, Government paperwork, House Financial Services, Independent regulatory commissions, Information disclosure (Securities law), Interactive media, Investors, Law, Nonprofit organizations, Senate Banking, Housing, and Urban Affairs, Social services, Standards, Technology
Latest Action: 03/09/2007 - Sponsor introductory remarks on measure. (CR S2973) Bill TextA bill to require annual testimony before Congress by the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to efforts to promote transparency in financial reporting. 3/9/2007--Introduced. Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting, so that investors are provided with more accurate and clear financial information.
Also tagged in: Accounting, Actions and defenses, Administrative fees, Administrative procedure, Advice and consent of the Senate, Auditing, Budgets, Business, Congress, Corporate management, Cost control, Executive departments, Finance, Financial statements, Independent regulatory commissions, Information disclosure (Securities law), Law, Nonprofit organizations, Ombudsman, Presidential appointments, Presidents, Risk, Social services
Latest Action: 04/13/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Bill TextTo reduce the unintended costs and burdens that the Sarbanes-Oxley Act of 2002 imposes on United States businesses, while maintaining that Act's goals of bolstering confidence in the integrity of publicly held companies. 2/14/2007--Introduced. Amend Misinterpreted Excessive Regulation In Corporate America Act - Amends the Sarbanes-Oxley Act of 2002 to direct the Public Company Accounting Oversight Board to appoint an ombudsman to act as a liaison between the Board and any registered public accounting firm or issuer regarding: (1) issues or disputes concerning the preparation or issuance of any audit report with respect to that issuer; and (2) problems resulting from Board regulatory activities, particularly implementation of management assessment of internal controls. Revises requirements governing appointment of Board members. Provides for Presidential appointment of Board members, by and with the advice and consent of the Senate. Declares that Congress reserves [...] show full description
Also tagged in: Administrative procedure, Bank accounts, Brokers, Business, Capital, Executive departments, Finance, Independent regulatory commissions, Investments, Law, Margins (Security trading), Money market funds, Securities, Securities industry, Securities regulation, Surety and fidelity
Latest Action: 04/11/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Bill TextTo direct the Securities and Exchange Commission to revise rules to provide for the comparable treatment and expanded use of qualified money market funds for broker-dealer financing. 2/16/2007--Introduced. Money Market Fund Parity Act of 2007 - Directs the Securities and Exchange Commission to revise, according to specified requirements, rules relating to net capital, custody and use of customers' securities, and certain underwritings to provide for: (1) treatment of securities issued by qualified money market funds comparable with the treatment under those rules of other low-risk securities and deposits; and (2) the expanded use of securities issued by qualified money market funds for financing by brokers and dealers.
Also tagged in: Accounting, Administrative procedure, Business, Congress, Congressional investigations, Congressional reporting requirements, Executive departments, Finance, Independent regulatory commissions, Law, Politics and government, Regulatory impact statements, Securities regulation, Small business
Latest Action: 04/23/2007 - Sponsor introductory remarks on measure. (CR S4838) Bill TextA bill to require assessment of the impact on small business concerns of rules relating to internal controls, and for other purposes. 4/18/2007--Introduced. Small Business Regulatory Review Act of 2007 - Requires the Securities and Exchange Commission (SEC), before approving any final rule of the Public Company Accounting Oversight Board (established under the Sarbanes-Oxley Act of 2002), to conduct and complete a regulatory flexibility analysis of such rule. Requires the SEC to publish the small business compliance guide (as required under the Small Business Regulatory Enforcement Fairness Act of 1996) on the same date as the publication of the final rule issued to carry out a provision of the Sarbanes-Oxley Act concerning management of internal controls for financial reporting. Directs the Comptroller General to conduct an assessment of the impact on small businesses of such rules.
Also tagged in: Administrative procedure, Business, Corporate management, Corporate mergers, Corporate reorganizations, Executive compensation, Executive departments, Finance, Golden parachutes, Independent regulatory commissions, Information disclosure (Securities law), Labor, Law, Securities regulation, Stockholders, Voting
Latest Action: 04/20/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. 4/20/2007--Introduced. Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation. States that such shareholder vote shall not be binding on the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; and (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation. Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of an issuer's assets, to disclose compensation agreements or understandings [...] show full description
Also tagged in: Administrative procedure, Business, Corporate management, Corporate mergers, Corporate reorganizations, Executive compensation, Executive departments, Finance, Golden parachutes, Independent regulatory commissions, Information disclosure (Securities law), Labor, Law, Securities regulation, Stockholders, Voting
Latest Action: 04/23/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. 4/20/2007--Passed House amended. (There are 2 other summaries) Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation. States that such shareholder vote shall not be binding on the corporation or board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation. Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Bank records, Banks and banking, Class actions (Civil procedure), Commodity Futures Trading Commission, Computer security measures, Consumer credit, Consumer education, Consumer protection, Consumers, Credit bureaus, Crime prevention, Criminal justice, Data banks, Department of the Treasury, Executive departments, Federal Deposit Insurance Corporation, Federal home loan banks, Federal preemption, Federal reserve system, Federal Trade Commission, Finance, Financial statements, Fraud, Government information, Government paperwork, Identification devices, Identity theft, Independent regulatory commissions, Law, National Credit Union Administration, State and local government, State laws, Technology, Telecommunication
Latest Action: 05/01/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to protect information relating to consumers, to require notice of security breaches, and for other purposes. 5/1/2007--Introduced. Data Security Act of 2007 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer.Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions. Denies a private right of action, including a class action, regarding any act or practice regulated under this Act. Prohibits any civil or criminal action in state court or under state law relating to any act or practice governed under this Act. Prescribes data security standards to be implemented by federal agencies.Preempts state law with respect to the responsibilities of any person [...] show full description
Also tagged in: Administrative procedure, Business, Corporate accountability, Corporate finance, Data banks, Executive departments, Finance, Financial statements, Income tax, Independent regulatory commissions, Information disclosure (Securities law), Law, Securities regulation, Tax returns, Technology
Latest Action: 04/13/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Bill TextTo require corporate income reported to the Internal Revenue Service to be included in annual reports to the Securities and Exchange Commission. 3/6/2007--Introduced. Honest Income Disclosure Act - Amends the Securities Exchange Act of 1934 to instruct the Securities and Exchange Commission (SEC) to issue revised regulations requiring certain mandatory annual reports to include the income reported by the issuer to the Internal Revenue Service for the most recent taxable year, presented in a prominent location and in a manner that permits a ready comparison of such income to income otherwise required to be included. Requires such information to be: (1) suitable for entry into the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR); and (2) immediately available via that system, upon receipt.
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Latest Legislation - View All
Also tagged in: Accounting, Administrative procedure, Armed forces, Business, Consultants, Corporate mergers, Defense contracts, Defense economics, Executive compensation, Executive departments, Finance, Financial statements, Fringe benefits, Golden parachutes, Government contractors, Independent regulatory commissions, Information disclosure (Securities law), Law, Profit, Public contracts, Securities regulation, Stockholders, Tax-deferred compensation plans, Taxation
Latest Action: 04/15/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to require greater disclosure of senior corporate officer compensation, to empower shareholders and investors to protect themselves from fraud, to limit conflicts of interest in determining senior corporate officer compensation, to ensure integrity in Federal contracting, to close corporate tax loopholes utilized to subsidize senior corporate officer compensation, and for other purposes. 4/15/2008--Introduced. Corporate Executive Compensation Accountability and Transparency Act - Amends the Internal Revenue Code to the limit annual aggregate amounts which may be deferred under nonqualified deferred compensation arrangements. Amends the Sarbanes-Oxley Act of 2002 to extend from 12 to 36 months the look-back period for any bonuses, incentive-based or equity-based compensation, or profits realized from the sale of securities which must be reimbursed to a securities issuer by its chief executive officer and chief financial officer if the issuer is required to prepare [...] show full description
Also tagged in: Administrative procedure, Africa (Sub-Saharan), American investments, Arab countries, Arabs, Armed forces, Budgets, Business, Civil liberties, Congress, Congress and foreign policy, Congressional reporting requirements, Defense economics, Defense industries, Defense policy, Displaced persons, Electric power plants, Electric power production, Energy, Energy industries, Ethnic relations, Europe, European Union, Executive departments, Foreign aid, Foreign policy, Fraud, Genocide, Government contractors, Government information, Government lending, Government paperwork, Government procurement, Human rights, Hydroelectric plants, Hydroelectric power, Immigration, Independent regulatory commissions, Information disclosure (Securities law), International affairs, International cooperation, International finance, International military forces, International relief, Investments, Law, Mines and mineral resources, Mutual funds, Natural resources, Peace, Peacekeeping forces, Pension funds, Pensions, Petroleum, Petroleum industry, Public contracts, Refugees, Regionalism (International organization), Sanctions (International law), State and local government, State finance, Sudan, Trade, Trusts and trustees, United Nations
Latest Action: 12/31/2007 - Became Public Law No: 110-174. Bill TextAn original bill to authorize State and local governments to divest assets in companies that conduct business operations in Sudan, to prohibit United States Government contracts with such companies, and for other purposes. 12/31/2007--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the Senate on December 12, 2007. The summary of that version is repeated here.) Sudan Accountability and Divestment Act of 2007 - (Sec. 2) Defines specified terms. (Sec. 3) Expresses the sense of Congress that the U.S. government should support a state or local government decision to divest from or prohibit the investment of state or local assets in a person determined to pose a financial or reputational risk. Authorizes a state or local government to divest state or local assets or prohibit investment of state or local assets in persons that are conducting or have direct investments in business [...] show full description
Also tagged in: Administrative procedure, Civil service retirement, Congress, Congressional investigations, Congressional reporting requirements, Criminal justice, Executive departments, Federal employees, Finance, Foreign policy, Government employees, Government procurement, Independent regulatory commissions, Information disclosure (Securities law), International affairs, International cooperation, Investments, Law, Mutual funds, Pension funds, Pensions, Public contracts, Securities regulation, State-sponsored terrorism, Tax-deferred compensation plans, Terrorism, Trade
Latest Action: 08/03/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to increase the economic pressure on terror sponsoring states, and for other purposes. 8/3/2007--Introduced. Promoting Fully Informed Investment Decision Making Act of 2007 - Directs the Securities and Exchange Commission (SEC) to: (1) report to Congress on business activities carried out with state sponsors of terrorism; and (2) issue regulations to require disclosure by all persons required to make filings under the Securities Exchange Act of 1934 regarding any business activity of more than $20 million in or with a country that is a state sponsor of terrorism, or an instrumentality of such country. Instructs the Comptroller General to report to Congress on: (1) the completeness of the SEC report; (2) the names of such persons included in each of the major investable financial market indices and the holdings of the Federal Thrift Savings Plan; and (3) the nature of the activities concerned, and the value of U.S. government active contracting with such persons [...] show full description
Also tagged in: Administrative procedure, Alternative energy sources, Budgets, Business, Commercialization, Computers, Consumer education, Consumers, Education, Energy, Entrepreneurs, Executive departments, Federal advisory bodies, Federal aid to education, Federal aid to research, Fees, Finance, Government and business, Higher education, Income tax, Independent regulatory commissions, Industrial research, Information disclosure (Securities law), Investors, Law, Manufacturing industries, Mutual funds, Nanotechnology, National Science Foundation, Politics and government, Research and development, Research centers, Research grants, Science policy, Stocks, Tax credits, Taxation, Technology
Latest Action: 10/19/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Bill TextTo require the Securities and Exchange Commission to improve the disclosure of fees and expenses of open-end investment companies registered under the Investment Company Act of 1940. 7/30/2007--Introduced. Mutual Fund Fee Reform Act - Directs the Securities and Exchange Commission to initiate rulemaking proceedings to revise the requirements of regulations applicable to open-end investment companies relating to the disclosure of 12b-1 fees to investors in such investment companies.
Also tagged in: Appellate courts, Appropriations, Archives, Armed forces, Budgets, Business, Communications, Congress, Congressional elections, Consumer Product Safety Commission, Consumer protection, Consumers, Credit unions, Defense policy, Department of the Treasury, Deposit insurance, District courts, District of Columbia, Election Assistance Commission, Elections, Environmental protection, Executive departments, Executive Office of the President, Federal Communications Commission, Federal Deposit Insurance Corporation, Federal Election Commission, Federal Labor Relations Authority, Federal Trade Commission, Finance, Foundations, General Services Administration, Government ethics, Government information, Income tax, Independent regulatory commissions, Industrial relations, Inspectors general, Internal Revenue Service (IRS), Labor, Law, Merit Systems Protection Board, National Archives and Records Administration, National Credit Union Administration, Office of Government Ethics, Office of Personnel Management, Office of Special Counsel, Personnel management, Postal service, Presidential elections, Presidents, Promotions, Restrictive trade practices, Securities regulation, Selective Service System, Small business, Small Business Administration, Social services, Supreme Court, Tax courts, Taxation, Telecommunication, United States Postal Service
Latest Action: 07/13/2007 - Committee on Appropriations. Reported by Senator Durbin with an amendment in the nature of a substitute. With written report No. 110-129. Bill TextMaking appropriations for financial services and general government for the fiscal year ending September 30, 2008, and for other purposes. 7/13/2007--Reported to Senate amended. (There are 3 other summaries) Financial Services and General Government Appropriations Act, 2008 - Title I: Department of the Treasury - Department of the Treasury Appropriations Act, 2008 - Makes appropriations for FY2008 to the Department of the Treasury for: (1) departmental offices; (2) department-wide systems and capital investments programs; (3) the Office of Inspector General; (4) the Treasury Inspector General for Tax Administration; (5) the Air Transportation Stabilization Program Account; (6) the Financial Crimes Enforcement Network; (7) the Financial Management Service; (8) the Alcohol and Tobacco Tax and Trade Bureau; (9) the U.S. Mint for the U.S. Mint Public Enterprise Fund; (10) the Bureau of the Public Debt; (11) the Community Development Financial Institutions [...] show full description
Also tagged in: Administrative procedure, Business, Corporate finance, Corporate management, Executive departments, Finance, Financial statements, Government information, Government paperwork, Independent regulatory commissions, Information disclosure (Securities law), Law, Securities regulation, Small business
Latest Action: 07/17/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Bill TextTo extend the current moratorium for small businesses complying with section 404 of the Sarbanes-Oxley Act of 2002 by 1 year. 6/14/2007--Introduced. Small Business SOX Compliance Extension Act - Directs the Securities and Exchange Commission to modify its regulations under the Sarbanes-Oxley Act of 2002 (SOX) for annual management assessments of, and reports on, internal financial controls. Requires such regulations to provide that a non-accelerated filer does not have to provide management's report on internal control over financial reporting until it files an annual report for its first fiscal year ending on or after December 15, 2008 (thereby extending the current moratorium on such requirements for small businesses).
Also tagged in: Administrative procedure, Aerospace industries, Air pollution, Air pollution control, Armed forces, Automobile industry, Building materials, Business, Business records, Chemical industries, Climate change, Congress, Congressional investigations, Congressional reporting requirements, Construction industries, Data banks, Defense industries, Defense policy, Electric utilities, Electronic government information, Energy, Energy industries, Environmental protection, Environmental Protection Agency, Executive departments, Finance, Fines (Penalties), Foreign policy, Forest products, Gas industry, Government information, Government paperwork, Government publicity, Greenhouse gases, Independent regulatory commissions, Information disclosure (Securities law), International affairs, Iron and steel industry, Law, Mines and mineral resources, Natural resources, Paper and paper products, Petroleum industry, Technology, Telecommunication, Transportation, Treaties, United Nations
Latest Action: 07/17/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Bill TextTo require large publicly traded companies and significant emitters of greenhouse gases to report their emissions to the Environmental Protection Agency, and for other purposes. 6/11/2007--Introduced. Greenhouse Gas Accountability Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to establish a program to require specified entities (including any significant greenhouse gas (GHG) emitter and any entity with annual revenues exceeding $10 million that is engaged in the business of automobiles, aerospace and defense, chemicals, construction materials, electric utilities, energy equipment and services, oil, gas, and consumable fuels, metals and mining, paper and forest products, or transportation) to report annually to the Administrator on their GHG emissions. Sets forth program design requirements, including that it be consistent with the standards, protocols, and principles of the Climate Registry and the California Climate Registry.Authorizes [...] show full description
Also tagged in: Administrative procedure, Executive departments, Finance, Futures trading, Government information, Government paperwork, Independent regulatory commissions, Information disclosure (Securities law), Investment advisers, Law, Mutual funds, Securities regulation
Latest Action: 06/06/2007 - Referred to the House Committee on Financial Services. Bill TextTo amend the Investment Advisers Act of 1940 to authorize the Commission to require the registration of hedge fund advisers under that Act. 6/6/2007--Introduced. Securities and Exchange Commission Authority Restoration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from the requirement of registration for any investment adviser: (1) who has had fewer than fifteen clients during the course of the preceding twelve months; and (2) who neither holds himself out generally to the public as an investment adviser, nor acts an an investment adviser to any registered investment company or a company which has elected to be a business development company. Authorizes the Securities and Exchange Commission (SEC) to: (1) limit the availability of this exemption; and (2) require the registration of any investment adviser by requiring that certain shareholders, partners, and beneficial owners of, or investors in, clients of the adviser be counted [...] show full description
Also tagged in: Administrative procedure, Confidential communications, Congress, Congressional employees, Congressional ethics, Congressional officers, Congressional publicity, Congressional reporting requirements, Data banks, Directories, Executive departments, Federal employees, Finance, Futures trading, Government employees, Government information, Government paperwork, House rules and procedure, Independent regulatory commissions, Information disclosure (Securities law), Insider trading in securities, Intelligence activities, Investment advisers, Law, Legislation, Members of Congress, Misconduct in office, Official secrets, Technology
Latest Action: 06/26/2007 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill TextTo prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes. 5/16/2007--Introduced. Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodities Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to prohibit purchase or sale of either securities or commodities for future delivery by a person in possession of material nonpublic information regarding pending or prospective legislative action if the information was obtained: (1) knowingly from a Member or employee of Congress; (2) by reason of being a Member or employee of Congress; and (3) other federal employees. Amends the Code of Official Conduct of the Rules of the House of Representatives to prohibit designated House personnel from [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Bank records, Banks and banking, Class actions (Civil procedure), Commodity Futures Trading Commission, Computer security measures, Consumer credit, Consumer education, Consumer protection, Consumers, Credit bureaus, Crime prevention, Criminal justice, Data banks, Department of the Treasury, Executive departments, Federal Deposit Insurance Corporation, Federal home loan banks, Federal preemption, Federal reserve system, Federal Trade Commission, Finance, Financial statements, Fraud, Government information, Government paperwork, Identification devices, Identity theft, Independent regulatory commissions, Law, National Credit Union Administration, State and local government, State laws, Technology, Telecommunication
Latest Action: 05/01/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to protect information relating to consumers, to require notice of security breaches, and for other purposes. 5/1/2007--Introduced. Data Security Act of 2007 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer.Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions. Denies a private right of action, including a class action, regarding any act or practice regulated under this Act. Prohibits any civil or criminal action in state court or under state law relating to any act or practice governed under this Act. Prescribes data security standards to be implemented by federal agencies.Preempts state law with respect to the responsibilities of any person [...] show full description
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