On the recordDecember 5, 2019
First, I thank Ranking Member McHenry for offering this amendment to H.R. 2534 to help further ensure that this commonsense bill codifies the law against insider trading in a fair manner. When we marked up the bill in committee in May, I understood that my Republican colleagues had several concerns with the bill but nevertheless voiced their support in hopes of having those concerns addressed before the bill made its way to the House floor. At the end of the day, those concerns amounted to wanting additional clarity that H.R. 2534 reflected the current judge-made law against insider trading, aside from the controversial 2014 appeals court decision that has been subject to criticism from many sides. After months of discussion with the bill's sponsor, Representative Himes, Ranking Member McHenry has crafted this amendment to do just that.…
