2012 好伐？
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 is a federal law that explicitly prohibits Members of Congress and federal employees from using non-public information derived from their official positions for personal benefit. It also requires lawmakers to publicly disclose their financial transactions in a timely manner. [1, 2, 3]
Core Provisions
- Insider Trading Clarification: The Act affirms that the insider trading prohibitions of federal securities laws apply directly to Members of Congress, congressional staff, and executive branch employees.
- 30-Day Reporting: Lawmakers are required to disclose any stock, bond, or commodity transaction over \(\$1,000\) within 30 days of receiving notification of the trade (and no later than 45 days after the transaction occurs).
- Online Availability: Financial disclosure reports are required to be made publicly available online.
Covered Individuals
The regulations apply broadly to:
- Members of Congress
- Congressional staff and officers
- Executive branch employees (e.g., the President, the Vice President, and Senate-confirmed presidential appointees)
- Federal judges and judicial branch employees
