STOCK Act
Government & Politics abbreviation · US Law
| Stands for | Stop Trading on Congressional Knowledge Act |
|---|---|
| Categories | Government & Politics |
STOCK Act stands for Stop Trading on Congressional Knowledge Act, a US law abbreviation.
Ethics law of 2012 confirming that members of Congress and federal employees are subject to insider trading laws and requiring them to publicly report most securities trades over $1,000 within 45 days.
Example: Watchdog groups track STOCK Act disclosures to monitor lawmakers' trades.
Usage notes
President Barack Obama signed it in April 2012 after news reports about trading by members of Congress. Late filing usually results only in a $200 fee, which critics say is too small to deter violations. Proposals to ban individual stock ownership by lawmakers have drawn bipartisan support but had not been enacted by 2025.
Related abbreviations
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