S7494 — Enacts the government response to insider fraud and trading act relating to securities fraud whistleblower incentives and protections
Last action — In Assembly Committee
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced April 17, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill provides protections and incentives for whistleblowers reporting securities fraud.
This bill establishes rewards for whistleblowers who report securities fraud, ensuring they are protected from retaliation. It also gives the attorney general the authority to create necessary regulations.
What this means for you
- Workers: If you report securities fraud, you may receive incentives and protection from retaliation.
- Consumers: Increased reporting of securities fraud may lead to a more transparent and trustworthy market.
- Small Business: This bill encourages a safer environment for reporting fraud, which can indirectly support fair competition.
Summary
Provides for securities fraud whistleblower incentives and protections; defines terms; grants whistleblower awards for one or more whistleblowers who voluntarily provide original information to the attorney general that was the basis for a successful covered enforcement action; protects whistleblowers from retaliation; authorizes the attorney general to adopt any necessary rules and regulations; makes related provisions.
Bill Text
- Full text View text Current
Action History
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REFERRED TO CODES
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DELIVERED TO ASSEMBLY
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PASSED SENATE
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ORDERED TO THIRD READING CAL.1367
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COMMITTEE DISCHARGED AND COMMITTED TO RULES
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REFERRED TO CONSUMER PROTECTION
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RETURNED TO SENATE
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DIED IN ASSEMBLY
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REFERRED TO CODES
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DELIVERED TO ASSEMBLY
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PASSED SENATE
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AMENDED ON THIRD READING 7494A
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ADVANCED TO THIRD READING
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2ND REPORT CAL.
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1ST REPORT CAL.1415
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REFERRED TO CONSUMER PROTECTION
Sponsors
- Michael Gianaris · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 218 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (218)
218 members have not signed on to this bill.
Show all 218 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does S7494 do?
- Provides for securities fraud whistleblower incentives and protections; defines terms; grants whistleblower awards for one or more whistleblowers who voluntarily provide original information to the attorney general that was the basis for a successful covered enforcement action; protects whistleblowers from retaliation; authorizes the attorney general to adopt any necessary rules and regulations; makes related provisions.
- Who sponsors S7494?
- S7494 is sponsored by Michael Gianaris.
- What is the current status of S7494?
- This bill has been introduced in the Senate. Introduced April 17, 2025. It must pass committee before a floor vote.
- Where can I track S7494?
- Track S7494 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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