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H.R.3840 / 107th Congress

Inside Stock Sales Employee Notification Act of 2002

Referred to the Subcommittee on Employer-Employee Relations.

Official summary

Version 00 · Introduced in House · Mar 5, 2002

Inside Stock Sales Employee Notification Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA ) to require timely written notification of any of insider trading in employer securities to be provided to pension plan participants and beneficiaries whose individual accounts (including those covered by section 401(k) of the Internal Revenue Code) hold employer securities.Requires those engaging in direct or indirect sales of such securities, if they are plan fiduciaries or are required to report such trading to the Securities and Exchange Commission under the Securities Exchange Act of 1934, to report such transactions to the plan administrator not later than one business day after the transaction. Requires the plan administrator to notify plan participants and beneficiaries as soon as practicable, but no later than three business days after receiving notice, if the proceeds from any such transaction or series of transactions exceed in the aggregate $100,000.

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Who introduced it

Rep. Miller, George [D-CA-7] · D–CA

Committees

  • Education and Workforce Committee
21 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Employer-Employee Relations.

  2. Referred to the House Committee on Education and the Workforce.

  3. Sponsor introductory remarks on measure. (CR E255-256)

  4. Introduced in House

  5. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.

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Objective

Analyze H.R.3840 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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