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S. 573

BillFederalSenateIn Committee
A bill to require the Securities and Exchange Commission to carry out a study of 10b5-1 trading plans, and for other purposes.
About This Bill
Committee
Latest Action · November 17, 2020
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Congress
116th (2019–2021)
Introduced
February 27, 2019
Cosponsors (1)
0D 1R
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Summary

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Promoting Transparent Standards for Corporate Insiders Act This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.

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