,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fdfa ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #g1 #bjbj,ms4 ,gabb>d introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices1 & 9 addition to ! ,committees on ,agriculture1 ,ov]sight & ,re=m1 ,h\se ,adm9i/ration1 & ! ,judici>y1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to prohibit s5ior ,gov]nm5t (ficials1 includ+ ,memb]s ( ,congress1 f pur*as+ or sell+ c]ta9 inve/m5ts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,integrity = ,public ,(ficials ,act or ! ,,ipo ,act4 #b4 ,def9itions ,9 ?is ,act-- 7#a7 ! t]m commodity has ! mean+ giv5 ! t]m 9 section #a;a ( ! ,commodity ,ex*ange ,act 7#g ,u4,s4,c4 #a;a72 7#b7 ! t]m cov]$ inve/m5t-- 7,a7 means inve/m5t 9 a security1 a commodity1 or a future1 or any comp>able economic int]e/ acquir$ ?r\gh syn!tic means su* z ! use ( a d]ivative2 & 7,b7 does n include-- 7i7 a widely held inve/m5t fund describ$ 9 section #ajb7;f77#h7 ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app472 or 7ii7 a ,unit$ ,/ates ,treasury bill1 note1 or bond2 7#c7 ! t]m cov]$ p]son means-- 7,a7 any individual describ$ 9 section #aja7;f7 ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app471 includ+-- 7i7 any individual 9 a position on any level ( ! ,executive ,s*$ule "u sub*apt] ,,ii ( *apt] #ec ( title #e1 ,unit$ ,/ates ,code2 7ii7 a political appo9tee 9 ! ,executive ,(fice ( ,presid5t or 9 ! ,(fice ( ! ,vice ,presid5t2 & 7iii7 an individual employ$ 9 a position 9 ! executive bran* ( ! ,gov]nm5t ( a confid5tial or policy-det]m9+ "* "u s*$ule ,c ( subp>t ,c ( "p #bac ( title #e1 ,code ( ,f$]al ,regulations2 7,b7 an individual employ$ 9 a position 9 ! ,s5ior ,executive ,s]vice2 7,c7 an individual employ$ 9 a position at ! ,,gs-#ad level or high]2 7,d7 an individual employ$ 9 a position n "u ! ,g5]al ,s*$ule = :i* ! rate ( basic pay is equal to or great] ?an ! m9imum rate ( basic pay payable = ,,gs-#ad ( ! ,g5]al ,s*$ule2 & 7,e7 ! sp\se ( any ,memb] ( ,congress 7z t t]m is def9$ 9 section #aji7ab7 ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app4772 7#d7 ! t]m future means a f9ancial contract obligat+ ! buy] to pur*ase an asset or ! sell] to sell an asset1 su* z a physical commodity or a f9ancial in/rum5t1 at a pr$et]m9$ future date & price2 & 7#e7 ! t]m security has ! mean+ giv5 ! t]m 9 section #c7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a774 #c4 ,prohibitions 7a7 ,transactions ,except z provid$ 9 sections #d & #e1 no cov]$ p]son may-- 7#a7 pur*ase or sell any cov]$ inve/m5t2 or 7#b7 ent] into a transaction t creates a net %ort position 9 any security4 7b7 ,positions ,a cov]$ p]son may n s]ve z an (fic] or memb] ( any bo>d ( any =-pr(it association1 corporation1 or o!r entity4 #d4 ,exceptions 7a7 ,inve/m5ts held be=e tak+ (fice 7#a7 ,9 g5]al ,a cov]$ p]son may h control ov] or k ( ! managem5t ( any cov]$ inve/m5t held by ! cov]$ p]son z ( ! day be=e ! date on :i* ! cov]$ p]son took (fice 7or 9 ! case ( a sp\se describ$ 9 section #b7c77;,e71 ! date ! applicable ,memb] ( ,congress took (fice74 7#b7 ,prohibition on pur*as+ or sell+ ,a cov]$ p]son may n buy or sell any inve/m5t describ$ 9 p>agraph 7#a7 except 9 ! case (-- 7,a7 plac+ ! inve/m5t 9 a qualifi$ bl9d tru/ describ$ 9 section #e2 or 7,b7 dive/+ !mselves ( any inve/m5t "u subsection 7b74 7b7 ,dive/iture ,a cov]$ p]son may sell a cov]$ inve/m5t dur+ ! #f-mon? p]iod beg9n+ on-- 7#a7 ! date on :i* ! cov]$ p]son takes (fice 7or 9 ! case ( a sp\se describ$ 9 section #b7c77;,e71 ! date ! applicable ,memb] ( ,congress took (fice72 or 7#b7 ! date ( enactm5t ( ?is ,act4 #e4 ,tru/s = legislative bran* ( ,gov]nm5t 7a7 ,9 g5]al ,consi/5t ) section #g1 on a case-by-case basis1 ! ,select ,committee on ,e?ics may au?orize a cov]$ p]son to place _! securities hold+s 9 a qualifi$ bl9d tru/ approv$ by ! committee "u section #ajb7;f7 ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app474 7b7 ,bl9d tru/ ,consi/5t ) section #g1 a bl9d tru/ p]mitt$ "u ?is section %all meet ! crit]ia 9 section #ajb7;f77#d77;,b7 ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app471 unless an alt]native arrangem5t is approv$ by ! ,select ,committee on ,e?ics4 #f4 ,adm9i/ration = legislative bran* ( ,gov]nm5t 7a7 ,9 g5]al ,consi/5t ) section #g1 ! provisions ( ?is ,act %all be adm9i/]$ by ! ,select ,committee on ,e?ics ( ! ,s5ate & ! ,committee on ,e?ics ( ! ,h\se ( ,repres5tatives4 7b7 ,guidance ,consi/5t ) section #g1 ! ,select ,committee on ,e?ics ( ! ,s5ate & ! ,committee on ,e?ics ( ! ,h\se ( ,repres5tatives are au?oriz$ to issue guidance on any matt] conta9$ 9 ?is ,act1 includ+-- 7#a7 :e!r a cov]$ p]son or sp\se ( a cov]$ p]son may hold an employee /ock option1 or simil> in/rum5t1 t _h n ve/$ be=e ! date on :i* ! cov]$ p]son 0 elect$2 & 7#b7 ! process & timel9e = :5 a cov]$ p]son or sp\se ( a cov]$ p]son %all no long] s]ve z an (fic] or memb] ( any bo>d ( any =-pr(it association1 corporation1 or o!r entity4 #g4 ,adm9i/ration = executive & judicial bran*es ( ,gov]nm5t ,) respect to-- 7#a7 a cov]$ p]son :o is an (fic] or employee ( ! executive bran* ( ! ,gov]nm5t1 ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics %all c>ry out sections #e & #f2 & 7#b7 a cov]$ p]son :o is an (fic] or employee ( ! judicial bran* ( ! ,gov]nm5t1 ! ,judicial ,conf]5ce %all c>ry out su* sections4 #h4 ,en=cem5t ,:oev] kn[+ly fails to comply ) ?is ,act %all be subject to a civil p5alty ( n less ?an #aj p]c5t ( ! value ( ! cov]$ inve/m5t t 0 pur*as$ or sold or ! security 9 :i* a net %ort position 0 creat$ 9 violation ( ?is ,act1 z applicable4