On the recordJanuary 31, 2012
Mr. President, I ask unanimous consent that the reading of amendments be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendments are as follows: Amendment NO. 1484 (Purpose: To require Members of Congress to certify that they are not trading using material, non-public information) Strike all after the enacting clause and insert the following: SECTION 1. MEMBER CERTIFICATION. Section 102(a) of the Ethics in Government Act of 1978 is amended by inserting at the end the following: ``(9)(A) A statement (as provided in subparagraph (B)) certifying that financial transactions included in the report filed pursuant to section 101 (d) and (e) were not made on the basis of non-public information. ``(B) The certification required by this paragraph is as follows: `I hereby certify that the financial transactions reflected in this disclosure form were not made on the basis of material, non-public information.' ''. SEC. 2. USE OF NONPUBLIC INFORMATION AND INSIDER TRADING BY CONGRESS AND FEDERAL EMPLOYEES. A Member, officer, or employee of Congress, a Federal employee (as defined in section 2105), including the President, the Vice President, and an employee of the United States Postal Service or the Postal Regulatory Commission, and a judicial officer are not exempt from and is fully subject to the prohibitions arising under section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, including the insider trading prohibitions.…
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