Sec. 109. Administrative requirements
364 words·~2 min read·
/bill/118/hr/4763/eh/section-109A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 21A of the Securities and Exchange Act of 1934 ( 15 U.S.C. 78u-1 ) is amended by adding at the end the following: Solely for purposes of the insider trading prohibitions arising under this Act, including section 10 and Rule 10b–5 thereunder, each individual who is a Member of Congress, an employee of Congress, or an employee or agent of any department or agency of the Federal Government owes a duty arising from a relationship of trust and confidence to the Congress, the United States Government, and the citizens of the United States with respect to material, nonpublic information related to a restricted digital asset that is derived from such individual’s position as a Member of Congress, employee of Congress, or as an employee or agent of a department or agency of the Federal Government or gained from the performance of such individual’s official responsibilities. ln this subsection, the terms Member of Congress and employee of Congress have the meaning given those terms, respectively, under subsection (g)(2). .
Section 4c(a) of the Commodity Exchange Act ( 7 U.S.C. 6c(a) ) is amended— in paragraph (3)— in subparagraph (B), by striking or at the end; in subparagraph (C), by striking the period and inserting ; or ; and by adding at the end the following: a contract of sale of a digital commodity. ; in paragraph (4)— in subparagraph (A)— in clause (ii), by striking or at the end; in clause (iii), by striking the period and inserting ; or ; and by adding at the end the following: a contract of sale of a digital commodity. ; in subparagraph (B)— in clause (ii), by striking or at the end; in clause (iii), by striking the period and inserting ; or ; and by adding at the end the following: a contract of sale of a digital commodity. ; and in subparagraph (C)— in clause (ii), by striking or at the end; by striking
(iii)a swap, provided however, and inserting the following: a swap; or a contract of sale of a digital commodity, provided, however, ; and by striking clauses (i), (ii), or
(iii)and insert any of clauses
(i)through
(iv).
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources