An amendment numbered 1 printed in House Report 116-320 to clarify "relating to the market", adds an explicit personal benefit test, and strikes the Rule of Construction.
What it does: 3 changes: replaces text in 2 places, inserts text
Rep. Patrick T. McHenry (R-NC)What it changes
3 changes to H.R. 2534
We couldn't read part of this amendment. That part is shown as written below.
Change 1: Replaces “relating to the market for” with “any nonpublic information, from whatever source, that has, or would reasonably be expecte…”
[struck: relating to the market for][inserted: any nonpublic information, from whatever source, that has, or would reasonably be expected to have, a material effect on the market price of any]Original wording
Page 1, beginning on line 17, strike “relating to the market for” and insert “any nonpublic information, from whatever source, that has, or would reasonably be expected to have, a material effect on the market price of any”.
Change 2: Replaces “relating to the market for” with “any nonpublic information, from whatever source, that has, or would reasonably be expecte…”
[struck: relating to the market for][inserted: any nonpublic information, from whatever source, that has, or would reasonably be expected to have, a material effect on the market price of any]Original wording
Page 2, beginning on line 11, strike “relating to the market for” and insert “any nonpublic information, from whatever source, that has, or would reasonably be expected to have, a material effect on the market price of any”.
Change 3: Inserts “for a direct or indirect personal benefit (including pecuniary gain, reputational benefit…” before the period
Inserted: for a direct or indirect personal benefit (including pecuniary gain, reputational benefit, or a gift of confidential information to a trading relative or friend)
Original wording
Page 3, line 21, insert before the period the following: “for a direct or indirect personal benefit (including pecuniary gain, reputational benefit, or a gift of confidential information to a trading relative or friend)”.
Shown as written
Page 5, strike lines 12 through 17 and insert a closing quotation mark and a period.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 1, beginning on line 17, strike “relating to the market for” and insert “any nonpublic information, from whatever source, that has, or would reasonably be expected to have, a material effect on the market price of any”.
Page 2, beginning on line 11, strike “relating to the market for” and insert “any nonpublic information, from whatever source, that has, or would reasonably be expected to have, a material effect on the market price of any”.
Page 3, line 21, insert before the period the following: “for a direct or indirect personal benefit (including pecuniary gain, reputational benefit, or a gift of confidential information to a trading relative or friend)”.
Page 5, strike lines 12 through 17 and insert a closing quotation mark and a period.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
House amendment offered
December 5, 2019
View full timeline
House amendment offered
December 5, 2019
Amendment agreed to Committee of the Whole
December 5, 2019 • 2:05 PM
House amendment agreed to: On agreeing to the McHenry amendment (A001) Agreed to by voice vote.
December 5, 2019 • 2:05 PM
House amendment offered/reported by: Amendment (A001) offered by Mr. McHenry.
December 5, 2019 • 1:55 PM
Amendment (A001) offered by Mr. McHenry. (consideration: CR H9275-9276; text: CR H9275)
December 5, 2019 • 1:55 PM
On agreeing to the McHenry amendment (A001) Agreed to by voice vote.
December 5, 2019 • 2:05 PM