tailieunhanh - Suspend the Rules and Pass the Bill, S. 2038, With an Amendment (The amendment strikes all after the enacting clause and inserts a new text)

The scope of ASC 320 includes only those equity securities that have readily determinable fair values (., equity securities issued by a public company). However, equity securities issued by a public company are excluded from the scope of ASC 320 if those securities are restricted and that restriction does not terminate within one year of the reporting date. Restricted securities are securities whose sale is contractually or governmentally prohibited. Restricted securities are generally acquired in unregistered form through private placement offerings, but may be registered securities but restricted by contract (., securities subject to a “lock-up” provision in an underwriting. | F SLS SUS Suspend the Rules and Pass the Bill S. 2038 With an Amendment The amendment strikes all after the enacting clause and inserts a new text 112th CONGRESS HAQO 2d Session S. 2U3o To prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit and for other purposes. IN THE HOUSE OF REPRESENTATIVES AN ACT To prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit and for other purposes. 1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled 3 SECTION 1. SHORT TITLE. 4 This Act may be cited as the Stop Trading on Con- 5 gressional Knowledge Act of 2012 or the STOCK Act . 6 SEC. 2. DEFINITIONS. 7 In this Act f VHLC 020812 51778013 February 8 2012 9 56 . F SLS SUS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2 1 Member of congress. The term Member of Congress means a member of the Senate or House of Representatives a Delegate to the House of Representatives and the Resident Commissioner from Puerto Rico. 2 Employee of congress. The term employee of Congress means A any individual other than a Member of Congress whose compensation is disbursed by the secretary of the senate or the Chief Administrative officer of the House of Representatives and B any other officer or employee of the legislative branch as defined in section 109 11 of the Ethics in Government Act of 1978 5 . App. 109 11 . 3 Executive branch employee. The term executive branch employee A has the meaning given the term employee under section 2105 of title 5 united states Code and B includes i the president ii the Vice president and f VHLC 020812 February 8 2012 9 56 . 51778013 F SLS SUS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 3 iii an .