US Congress House Bill 4009 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 9 2012 - 25% progression, died in committee
Action: 2012-02-23 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Pending: House Subcommittee on Capital Markets and Government Sponsored Enterprises Committee
Text: Latest bill text (Introduced) [PDF]

Prohibits Members of Congress, senior congressional staffers, and administration executives from purchasing or selling registered securities, futures, swaps, security futures products, security-based swaps, and options on them, subject to specified exceptions. Subjects any person who violates such requirement to specified federal administrative penalties relating to material nonpublic information received in the course of employment. Prohibits senior executives at the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises [GSEs])from receiving bonuses during any period of conservatorship on or after the enactment of this Act.

To prohibit Members of Congress, senior congressional staffers, and administration executives from making certain purchases or sales of registered securities, futures, swaps, security futures products, security-based swaps, and options, to prohibit bonus payments to executives at Fannie Mae and Freddie Mac, and for other purposes.

Rep. Darrell Issa [R-CA]

Date	Chamber	Action
2012-02-23	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2012-02-09	House	Referred to House Oversight and Government Reform
2012-02-09	House	Referred to House House Administration
2012-02-09	House	Referred to House Financial Services
2012-02-09	House	Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, and Oversight and Government Reform, 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.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/4009/all-info
Text	https://www.congress.gov/112/bills/hr4009/BILLS-112hr4009ih.pdf