Insider trading and manipulation

(a) Prohibition on Members of Congress trading event contracts Section 4c(a)(3) of the Commodity Exchange Act (7 U.S.C. 6c(a)(3)) is amended— (1) by striking under section 2 of the STOCK Act) each place it appears and inserting in section 2 of the STOCK Act (5 U.S.C. 13101 note; Public Law 112–105)); (2) by redesignating subparagraphs (A) through (C) as clauses (i) through (iii), respectively, and indenting appropriately; (3) in the matter preceding clause (i) (as so redesignated), by striking It shall and inserting the following: (A) In general It shall; and (4) by adding at the end the following: (B) Prohibition on Members of Congress and executive branch officials trading event contracts It shall be unlawful for any Member of Congress (as defined in section 2 of the STOCK Act (5 U.S.C. 13101 note; Public Law 112–105)), the President, the Vice President, or any officer or employee described in sections 5312 through 5316 of title 5, United States Code, to enter into an event contract (as defined in section 5c(d)(1)).. (b) Rules or regulations The Commodity Futures Trading Commission (referred to in this section as the Commission) shall promulgate such rules or regulations as the Commission determines to be appropriate to carry out the amendments made by subsection (a). (c) Review of insider trading The Commission shall— (1) determine whether the rules and regulations of the Commission relating to insider trading should be revised or updated to require designated contract markets, swap execution facilities, and futures commission merchants to establish enhanced measures reasonably designed to detect and deter insider trading involving event contracts (as defined in subsection (d)(1) of section 5c of the Commodity Exchange Act (7 U.S.C. 7a–2)); and (2) implement any relevant revisions or updates resulting from the determination under paragraph (1). (d) Financial literacy The Commission shall conduct, through the Office of Customer Education and Outreach, financial literacy and customer education activities specific to retail investor activity related to event contracts (as defined in subsection (d)(1) of section 5c of the Commodity Exchange Act (7 U.S.C. 7a–2)).