,,ii #aai? ,,congress #b;d ,session ,s4 #djag ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #e1 #bjbf,mr4 ,m]kley 7= himself1 ,ms4 ,klobu*>1 ,mr4 ,van ,holl51 ,mr4 ,s*iff1 & ,mrs4 ,gillibr&7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,agriculture1 ,nutrition1 & ,=e/ry ,a ,,bill ,to am5d ! ,commodity ,ex*ange ,act to ban c]ta9 ,gov]nm5t (ficials f trad+ ev5t contracts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,end ,pr$iction ,m>ket ,corruption ,act4 #b4 ,ban on trad+ ev5t contracts by c]ta9 ,gov]nm5t (ficials ,section #e;c ( ! ,commodity ,ex*ange ,act 7#g ,u4,s4,c4 #g;a-#b7 is am5d$ by ins]t+ aft] subsection 7c7 ! foll[+3 7d7 ,ban on trad+ ev5t contracts by c]ta9 ,gov]nm5t (ficials 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,cov]$ individual ,! t]m cov]$ individual means-- 7i7 ! ,presid5t2 7ii7 ! ,vice ,presid5t2 & 7iii7 a ,memb] ( ,congress4 7,b7 ,ev5t contract ,! t]m ev5t contract means an agreem5t1 contract1 transaction1 or swap 9 an exclud$ commodity t is bas$ on an occurr5ce1 ext5t ( an occurr5ce (1 or cont+5cy4 7,c7 ,mat]ial nonpublic in=mation ,! t]m mat]ial nonpublic in=mation means in=mation-- 7i7 t a reasonable inve/or w\ld consid] important 9 mak+ a decision reg>d+ pur*as+1 sell+1 or o!rwise ex*ang+ an agreem5t or contract 9 a commodity or a commodity = future deliv]y2 & 7ii7 t is n publicly available4 7,d7 ,memb] ( ,congress ,! t]m ,memb] ( ,congress has ! mean+ giv5 ! t]m 9 section #acaja ( title #e1 ,unit$ ,/ates ,code4 7,e7 ,s5ior executive bran* (ficial ,! t]m s5ior executive bran* (ficial means any (fic] or employee describ$ 9 any ( p>agraphs 7#c7 ?r\gh 7#h7 ( section #acajc7;f7 ( title #e1 ,unit$ ,/ates ,code4 7#b7 ,ban on trad+ ev5t contracts 7,a7 ,cov]$ individuals ,no cov]$ individual may pur*ase1 sell1 or o!rwise ex*ange an ev5t contract4 7,b7 ,s5ior executive bran* (ficials ,no s5ior executive bran* (ficial may pur*ase1 sell1 or o!rwise ex*ange an ev5t contract ! subject ( :i* is a matt] 9 :i* ! s5ior executive bran* (ficial p>ticipates p]sonally & sub/antially z a ,gov]nm5t (fic] or employee1 ?r\gh decision1 approval1 disapproval1 recomm5dation1 ! r5d]+ ( advice1 inve/igation1 or o!rwise1 9 a judicial or o!r proce$+1 application1 reque/ = a rul+ or o!r det]m9ation1 contract1 claim1 controv]sy1 *>ge1 accusation1 arre/1 or o!r p>ticul> matt]4 7#c7 ,civil actions 7,a7 ,9 g5]al ,! ,attorney ,g5]al may br+ a civil action 9 ! appropriate ,unit$ ,/ates di/rict c\rt aga9/ any individual :o engages 9 conduct 9 violation ( p>agraph 7#b74 7,b7 ,civil p5alty ,9 a civil action "u subp>agraph 7,a71 if x is demon/rat$ by a prepond]ance ( ! evid5ce t ! individual has violat$ p>agraph 7#b71 ! individual %all be subject to a civil p5alty ( n m ?an ! great] (-- 7i7 #aj1jjj = ea* violation2 & 7ii7 ! am\nt ( pr(it made ?r\gh ! pur*ase1 sale1 or ex*ange ( ! ev5t contract 9 violation ( p>agraph 7#b74 7,c7 ,no preclusion ( alt]native rem$ies ,! imposition ( a civil p5alty "u ?is p>agraph does n preclude any o!r crim9al or civil /atutory1 common law1 or adm9i/rative rem$y t is available by law to ! ,unit$ ,/ates or any o!r p]son4 7#d7 ,=eign bo>ds ( trade 7,a7 ,def9ition ( =eign bo>d ( trade ,9 ?is p>agraph1 ! t]m =eign bo>d ( trade means a bo>d ( trade t-- 7i7 is organiz$ "u ! laws ( a non-,unit$ ,/ates jurisdiction or has its pr9cipal place ( bus9ess outside ! ,unit$ ,/ates2 & 7ii7 avails itself ( any means or in/rum5tality ( int]/ate comm]ce 9 ! conduct ( its bus9ess z a bo>d ( trade4 7,b7 ,qu>t]ly reports ,ea* =eign bo>d ( trade %all submit to ! ,commission qu>t]ly reports describ+ ea* pur*ase1 sale1 or o!r ex*ange on ! =eign bo>d ( trade 9 violation ( p>agraph 7#b74 7,c7 ,en=cem5t ,a =eign bo>d ( trade t fails to submit a report requir$ by subp>agraph 7,b7 %all be subject to revocation ( ! regi/ration ( ! =eign bo>d ( trade by ! ,commission4 7#e7 ,insid] trad+ ,! ,commission %all issue a rule to re/rict ! inappropriate use ( mat]ial nonpublic in=mation1 9 brea* ( an express or impli$ duty n to use or disclose su* mat]ial nonpublic in=mation1 z a means ( mak+ a pr(it ?r\gh ! pur*ase1 sale1 or o!r ex*ange ( an ev5t contract1 includ+ by requir+ designat$ contract m>kets to prohibit ! pur*ase1 sale1 or o!r ex*ange ( an ev5t contract by su* individuals z ! ,commission det]m9es to be appropriate 9 ! public int]e/4 4 #c4 ,f9ancial disclosure reports 7a7 ,annual & t]m9ation reports ,section #acajd7;a7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7#i7 ,disclosure relat+ to ev5t contracts 7,a7 ,def9itions ,9 ?is p>agraph3 7i7 ,cov]$ report+ individual ,! t]m cov]$ report+ individual means an individual describ$ 9 p>agraphs 7#a7 ?r\gh 7#aj7 ( section #acajc7;f74 7ii7 ,dep5d5t *ild ,! t]m dep5d5t *ild has ! mean+ giv5 ! t]m 9 section #acaja4 7iii7 ,ev5t contract ,! t]m ev5t contract has ! mean+ giv5 ! t]m 9 subsection 7d77#a7 ( section #e;c ( ! ,commodity ,ex*ange ,act 7#g ,u4,s4,c4 #g;a-#b74 7,b7 ,requirem5t ,ea* report fil$ pursuant to subsection 7d7 or 7e7 ( section #acajc by a cov]$ report+ individual %all include-- 7i7 a /atem5t ( :e!r1 dur+ ! p]iod cov]$ by ! report1 ! cov]$ report+ individual1 or ! sp\se or dep5d5t *ild ( ! cov]$ report+ individual1 pur*as$1 sold1 or o!rwise ex*ang$ an ev5t contract2 & 7ii7 ) respect to any ev5t contract describ$ 9 clause 7i71 a description ( ! ev5t contract & ! value ( ! ev5t contract4 4 7b7 ,p]iodic ev5t contract transaction reports ,section #acaje ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7m7 ,p]iodic ev5t contract transaction reports 7#a7 ,def9itions ,= purposes ( ?is subsection1 ! t]ms cov]$ report+ individual & ev5t contract h ! mean+s giv5 ^? t]ms 9 section #acajd7;a77#i77;,a74 7#b7 ,requirem5t ,n lat] ?an #cj days aft] receiv+ notification ( any ev5t contract transaction requir$ to be report$ "u section #acajd7;a77#i71 b 9 no case lat] ?an #de days aft] su* ev5t contract transaction1 a cov]$ report+ individual %all file a report ( ! transaction t includes a description ( ! ev5t contract t is ! subject ( ! transaction & ! value ( ! ev5t contract4 4