,,ii ,cal5d> ,no4 #ecf #aai? ,,congress 
#b;d ,session  ,s4 #ebba  ,,9 ,,!       
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,augu/ 
#c1 #bjbf,mr4 ,padilla 7= himself1 ,mr4 
,blum5?al1 ,mr4 ,:iteh\se1 ,mr4 ,pet]s1 
& ,mr4 ,m]kley7 introduc$ ! foll[+ bill2
 :i* 0 read ! fir/ "t  ,augu/ #d1       
#bjbf,read ! second "t & plac$ on !     
cal5d>  ,a ,,bill  ,to prohibit !       
pur*ase1 sale1 or ex*ange ( nonpublic   
in=mation1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,/op    
,corrupt ,trad+ ,act4  #b4 ,misuse (    
nonpublic in=mation  7a7 ,9 g5]al ,*apt]
 #aa ( title #ah1 ,unit$ ,/ates ,code1  
is am5d$ by add+ at ! end ! foll[+3     
#bbh4 ,misuse ( nonpublic in=mation  7a7
 ,def9itions ,9 ?is section3 7#a7 ,cov]$
 entity ,! t]m cov]$ entity means a     
firm1 p>tn]%ip1 association1            
corporation1 or o!r entity-- 7,a7 :i* a 
cov]$ p]son or a memb] ( ! imm$iate     
family ( a cov]$ p]son controls1        
directly or indirectly2 or  7,b7 9 :i* a
 cov]$ p]son b5eficially owns a f9ancial

 int]e/ 9 ! entity compris+ n less ?an  
#e p]c5t ( ! equity1 pr(its1 or rev5ue  
int]e/s ( ! entity4  7#b7 ,cov]$ p]son  
,! t]m cov]$ p]son means ! ,presid5t or 
,vice ,presid5t4  7#c7 ,nonpublic       
in=mation ,! t]m nonpublic in=mation--  
7,a7 means in=mation t a cov]$ p]son    
ga9s z a result ( ! cov]$ p]son's       
(ficial position & t ! cov]$ p]son kn[s 
or reasonably %\ld "k has n be5 made    
available to ! g5]al public1 includ+    
in=mation t ! cov]$ p]son kn[s or       
reasonably %\ld "k-- 7i7 is r\t9ely     
exempt f disclosure "u section #eeb (   
title #e or o!rwise protect$ f          
disclosure by /atute1 ,executive ord]1  
or regulation2  7ii7 is designat$ z     
confid5tial2 or  7iii7 has n be5        
dissem9at$ to ! g5]al public & is n     
au?oriz$ to be made available to !      
public on reque/2 &  7,b7 includes      
/atem5ts or o!r communications by a     
cov]$ p]son made available via          
application programm+ int]face or o!r   
means t are n made available to ! g5]al 

public on equal t]ms4  7b7 ,misuse (    
nonpublic in=mation  7#a7 ,sale by cov]$
 p]sons & entities ,no cov]$ p]son or   
cov]$ entity may ent] into a transaction
 to sell or ex*ange nonpublic in=mation 
= f9ancial b5efit4  7#b7 ,pur*ase or    
sale by o!r p]sons ,no p]son may ent]   
into a transaction to acquire1 pur*ase1 
sell1 or ex*ange nonpublic in=mation =  
f9ancial b5efit4  7c7 ,crim9al p5alties 
& =feiture  7#a7 ,p5alty ,! puni%m5t =  
an (f5se "u subsection 7b7 %all be--    
7,a7 = an (f5se "u subp>agraph 7,a71 a  
f9e n m ?an d\ble ! value ( !           
transaction1 to be deposit$ 9 !         
,treasury or imprisonm5t = n m ?an #e   
ye>s1 or bo?2 &  7,b7 = an (f5se "u     
subp>agraph 7,b71 a f9e n m ?an d\ble ! 
value ( ! transaction1 to be deposit$ 9 
! ,treasury4  7#b7 ,crim9al =feiture ,! 
c\rt1 9 impos+ a s5t5ce on a p]son      
convict$ ( an (f5se "u subsection 7b71  
%all ord] t ! p]son =feit to ! ,unit$   
,/ates any prop]ty1 real or p]sonal1    
con/itut+ or d]iv$ f proce$s obta9$1    

directly or indirectly1 z a result ( !  
(f5se4  7d7 ,civil en=cem5t2 disgorgem5t
  7#a7 ,civil action ,! ,attorney ,g5]al
 may br+ a civil action 9 an appropriate
 di/rict c\rt ( ! ,unit$ ,/ates aga9/   
any p]son or entity t engages 9 conduct 
con/itut+ a violation ( subsection 7b7  
7)\t reg>d to :e!r a crim9al prosecution
 has be5 br\ght71 =-- 7,a7 disgorgem5t  
to ! ,unit$ ,/ates ( all pr(its1        
paym5ts1 & o!r ?+s ( value d]iv$ f !    
conduct2  7,b7 a civil p5alty ( n m ?an 
! great] ( #bej1jjj or #c times ! am\nt 
( ! ga9 d]iv$ f1 or ! paym5t made 91 !  
conduct1 = ea* violation2 &  7,c7       
appropriate equitable relief1 includ+ an
 injunction & a con/ructive tru/ = !    
b5efit ( ! ,unit$ ,/ates ov] prop]ty    
traceable to ! conduct4  7#b7 ,/&>d (   
pro( ,9 an action "u ?is subsection1 !  
/&>d ( pro( %all be a prepond]ance ( !  
evid5ce4  7#c7 ,/atute ( limitations2   
toll+ ,an action "u ?is subsection %all 
be comm5c$ n lat] ?an #f ye>s aft] !    
date on :i* ! conduct occurr$1 except t 

su* p]iod %all be toll$ dur+ any p]iod 9
 :i* ! def5dant1 or ! cov]$ p]son f ^:  
position ! nonpublic in=mation conc]n$ 0
 d]iv$1 holds ! (fice ( ,presid5t or    
,vice ,presid5t4  7#d7 ,liability (     
c\nt]p>ties & entities ,a cov]$ entity1 
& any p]son t kn[+ly provides any?+ (   
value 9 a transaction describ$ 9        
subsection 7b7 %all be jo9tly & sev]ally
 liable = ! rem$ies describ$ 9 p>agraph 
7#a7 ) respect to t transaction4  7#e7  
,ref]ral ,! ,director ( ! ,(fice (      
,gov]nm5t ,e?ics %all ref] to !         
,attorney ,g5]al any cr$ible evid5ce (  
conduct describ$ 9 p>agraph 7#a71 & %all
 notify ! ,committee on ! ,judici>y ( ! 
,s5ate & ! ,committee on ! ,judici>y ( !
 ,h\se ( ,repres5tatives ( ea* ref]ral4 
4  7b7 ,cl]ical am5dm5t ,! table (      
sections = *apt] #aa ( title #ah1 ,unit$
 ,/ates ,code1 is am5d$ by add+ at ! end
 ! foll[+3  #bbh4 ,misuse ( nonpublic   
in=mation4  4  ,augu/ #d1 #bjbf,read !  
second "t & plac$ on ! cal5d>