1984

Dingell is the principle sponsor Insider Trading Sanctions Act of 1984, which is enacted and increases penalties for insider trading.  The law allowed the Securities and Exchange Commission to impose a civil fine of up to three times the amount the inside trader had profited. (CQ Almanac 1984, p. 279)

In 1988, after holding numerous hearings on Wall Street insider trading scandals, Dingell helps enact the Insider Trading and Securities Fraud Enforcement Act of 1988, which passes the House unanimously.  It improved the procedures and remedies for prevention of insider trading, with ways to protect investors from a variety of abuses.  The legislation was crafted to strengthen laws regarding insider trading by increasing penalties both fiduciary and jail time, as well as increasing responsibility on companies to train and monitor their employees about insider trading.   (PL 100-704, HR 5133)

11.6.1984

Reagan defeats Mondale in the Presidential election. 

Dingell defeats Frank Grzywacki with 64% of the vote and is elected to a 16th term.  Vote results: 121,463 – 68,116.