,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bbgg  ,,in ,,the ,,house ,,of  
,,representatives  ,may #a1 #bjag,ms4   
,slaughter introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,securities       
,exchange ,act of #aicd to prohibit     
,members of ,congress from receiving a  
discounted price in certain private     
offerings of securities4  #a4 ,short    
title ,this ,act may be cited as the    
,end ,congressional ,stock ,market      
,abuse ,act of #bjag4  #b4              
,participation in securities            
transactions by public officials        
,section #ba;,a of the ,securities      
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#ghu-#a7 is amended--  7#a7 in          
subsection 7i71 by striking 7within the 
meaning given such term in section      
#ab7;f77#a77;,g77i77 and inserting on a 
,united ,states or foreign securities   
exchange2 and  7#b7 by adding at the end
 the following3  7j7 ,participation in  

securities transactions by ,members of  
,congress  7#a7 ,definitions ,in this   
subsection-- 7,a7 the term covered      
security--  7i7 means any security that 
is regularly traded on a ,united ,states
 or foreign securities exchange2 and    
7ii7 includes any comparable economic   
interest acquired through synthetic     
means such as the use of a derivative or
 short selling any publicly traded      
security2  7,b7 the term price-- 7i7    
means--  7,i7 in the case of a purchase1
 the national best offer1 as defined in 
section #bdb4fjj7;c7 of title #ag1 ,code
 of ,federal ,regulations2  7,,ii7 in   
the case of a sale1 the national best   
bid1 as defined in section #bdb4fjj7;c7 
of title #ag1 ,code of ,federal         
,regulations2 or  7,,iii7 any other     
value1 as determined by the ,commission2
 and  7ii7 does not include any         
commission or fee paid to a broker or   
third party2 and  7,c7 the term ,united 
,states or foreign securities exchange  
means-- 7i7 a national exchange         

described in section #f2 and  7ii7 a    
designated offshore securities market1  
as defined in section #bcj4ib of title  
#ag1 ,code of ,federal ,regulations4    
7#b7 ,prohibition  7,a7 ,in general     
,except as provided in subparagraph     
7,b71 a ,member of ,congress may not--  
7i7 purchase a covered security for less
 than the price available on a ,united  
,states or foreign exchange2  7ii7 sell 
a covered security for more than the    
price available on a ,united ,states or 
foreign exchange2 or  7iii7 purchase a  
private placement offering of a covered 
security available on a ,united ,states 
or foreign exchange4  7,b7 ,exception   
,subparagraph 7,a7 shall not apply if a 
,member of ,congress reasonably believes
 that--  7i7 in the case of a purchase  
of a covered security1 the discount was 
obtained in a manner generally available
 to the public2 or  7ii7 in the case of 
a sale of a covered security1 the       
premium was obtained in a manner        
generally available to the public4  4