United States 112th Congress Status: Died 1 R cosponsors

HRES 480 — Amending the Rules of the House of Representatives to prohibit Members, Delegates, the Resident Commissioner, and officers and employees of the House from buying or selling securities while in possession of material, nonpublic information, and for other purposes.

Last action — Referred to the House Committee on Ethics.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends Rule XXIII (Code of Official Conduct) of the Rules of the House of Representatives to require a Member, Delegate, or Resident Commissioner (Member) to place into a blind trust all securities, commodities for future delivery, security-based swaps, or swaps that are transacted on or through the facilities of a national securities exchange or from or through a broker or dealer, unless the Member files with the Clerk of the House a specified detailed disclosure report of all such transactions within five business days after the last day of a calendar month in which a transaction is completed. Requires the Clerk to make available to the public a detailed summary of each such disclosure report. Prohibits a Member or officer or employee of the House from purchasing or selling a security, commodity for future delivery, security-based swap, or swap, on or through the facilities of a national securities exchange or from or through a broker or dealer, while in possession of material, nonpublic information obtained by reason of employment in the House.

Bill Text

We don't have the full text on file for this bill yet.

Read HRES 480 on the official United States source →

Action History

  1. Referred to the House Committee on Ethics.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"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.

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Subjects

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Frequently asked questions

What does HRES 480 do?
Amends Rule XXIII (Code of Official Conduct) of the Rules of the House of Representatives to require a Member, Delegate, or Resident Commissioner (Member) to place into a blind trust all securities, commodities for future delivery, security-based swaps, or swaps that are transacted on or through the facilities of a national securities exchange or from or through a broker or dealer, unless the Member files with the Clerk of the House a specified detailed disclosure report of all such transactions within five business days after the last day of a calendar month in which a transaction is completed. Requires the Clerk to make available to the public a detailed summary of each such disclosure report. Prohibits a Member or officer or employee of the House from purchasing or selling a security, commodity for future delivery, security-based swap, or swap, on or through the facilities of a national securities exchange or from or through a broker or dealer, while in possession of material, nonpublic information obtained by reason of employment in the House.
Who sponsors HRES 480?
HRES 480 is sponsored by Francisco Canseco (Republican).
What is the current status of HRES 480?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HRES 480?
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Last checked for changes about 17 hours ago · updated continuously

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