US Congress House Bill 3639 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 6)
Status: Introduced on December 13 2011 - 25% progression, died in committee
Action: 2011-12-13 - Referred to House Administration
Pending: House Administration Committee
Text: Latest bill text (Introduced) [PDF]

Prevent Insider Trading by Elected Officials Act - Amends the Ethics in Government Act of 1978 to require the President, Vice President, and each Member of Congress to place all of his or her stocks, bonds, commodities futures, and other forms of securities, including securities held jointly with a spouse, in a qualified blind trust. Exempts from such requirement any financial interests in or income derived from: (1) the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS), including the Thrift Savings Plan (TSP); (2) any other federal retirement system for U.S. officers and employees, including the President, or for members of the uniformed services; or (3) benefits received under the Social Security Act. Requires such individuals to comply with this Act within 30 days after taking office, or, if an incumbent, within 30 days after enactment of this Act. Allows the President and Vice President to file with the Director of the Office of Government Ethics for an additional 30-day extension in order to comply with this Act. Allows a Member of Congress to file, as appropriate, with the Clerk of the House of Representatives or the Secretary of the Senate for such 30-day extension. Authorizes the Attorney General to bring a civil action against the President, the Vice President, or any Member of Congress for noncompliance with this Act.

To amend the Ethics in Government Act of 1978 to require federally elected officials to place their stocks, bonds, commodities futures, and other forms of securities in a blind trust.

Rep. Richard Nugent [R-FL]	Rep. Trey Gowdy [R-SC]	Rep. David McKinley [R-WV]	Rep. Allen West [R-FL]
Rep. Steve Womack [R-AR]	Rep. Rob Woodall [R-GA]

Date	Chamber	Action
2011-12-13	House	Referred to House Administration
2011-12-13	House	Referred to House Oversight and Government Reform
2011-12-13	House	Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, 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.

HB3549 (Related) 2011-12-02 - Referred to the House Committee on House Administration.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3639/all-info
Text	https://www.congress.gov/112/bills/hr3639/BILLS-112hr3639ih.pdf