S5221Introduced

A bill to prohibit the purchase, sale, or exchange of nonpublic information, and for other purposes.

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Introduced
2
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-08-03
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Alex Padilla
Alex Padilla
Democrat · CA · Senator
Votes with party: 84.2% (844 recorded votes)

Full profile: /officials/P000145

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

2026-08-03

Source: Congress.gov

Plain-English Summary

This bill would make it illegal for people to buy, sell, or trade information that hasn't been released to the public, particularly information that could affect financial markets or business decisions. The law would apply to government officials, corporate insiders, and anyone else who gains access to confidential information through their work and tries to profit from it before it becomes public. Violations could result in criminal penalties, affecting politicians, business executives, and financial professionals who engage in insider trading or similar schemes.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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