The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 04 May 2026 18:12:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Congress Considers STOCK Act Amending Insider Trading Laws – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Congress Considers STOCK Act Amending Insider Trading Laws https://corpgov.law.harvard.edu/2012/02/09/congress-considers-stock-act-amending-insider-trading-laws/?utm_source=rss&utm_medium=rss&utm_campaign=congress-considers-stock-act-amending-insider-trading-laws https://corpgov.law.harvard.edu/2012/02/09/congress-considers-stock-act-amending-insider-trading-laws/#comments Thu, 09 Feb 2012 15:26:49 +0000 http://blogs.law.harvard.edu/corpgov/?p=25919?d=20150113151600EST Posted by Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Thursday, February 9, 2012
Editor's Note:

The following post comes to us from Kenneth A. Gross, leader of the Political Law practice at Skadden, Arps, Slate, Meagher & Flom LLP, and is based on two Skadden, Arps memorandums.

Last Thursday, February 2, 2012, the Senate passed S. 2038 (the STOCK Act) which, among other things:

  • confirms that the insider trading ban under Section 10(b) of the Securities Exchange Act of 1934 (’34 Act) applies to congressional members and staff, and executive and judicial branch officials;
  • amends the Lobbying Disclosure Act of 1995 (LDA) to cover political intelligence contacts; and
  • broadens the illegal gratuities statute.

The above changes are described in greater detail below. Information about the House version of the STOCK Act is provided later in the post.

(more…)

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