Financial Services Committee
As a senior member of the House Committee on Financial Services, Congressman Lynch help craft the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created new, robust consumer protections, ended government bailouts of the financial system, and imposed transparency and accountability requirements for the most complex, shadowy financial markets. Congressman Lynch is committed to giving regulators, tasked with putting the Dodd-Frank Act into effect, the resources they need to protect American families.
Congressman Lynch will continue to fight for policies that combat outsourcing and invest in the American worker here at home.
He has introduced legislation to improve the financial security of the constituents he represents.
H.R. 1463, the SEC Revolving Door Restriction Act of 2015, requires Securities and Exchange Commission (SEC) employees to wait at least one year before working for a company if they handled an enforcement action brought against that company within the previous 18 months.
H.R. 1173, the Ban Insider Trading Act of 2015, would establish a clear-cut insider trading statute that makes it a federal crime to purchase or sell securities based on material insider information. Currently, insider trading is not a specific crime under federal law. Rather, the federal government must routinely prosecute insider trading cases under more general anti-fraud laws and by relying on a string of federal court decisions that have left insider trading law subject to vague and differing interpretations by judges.