1. Short title This Act may be cited as the Promoting Transparent Standards for Corporate Insiders Act . 2. SEC study (a) Definitions In this section— (1) the term Commission means the Securities and Exchange Commission; (2) the term Rule 10b5–1 means section 240.10b5–1 of title 17, Code of Federal Regulations; and (3) the term trading plan means a plan described in paragraph (c)(1)(i)(A)(3) of Rule 10b5–1. (b) Study (1) In general The Commission shall carry out a study of whether Rule 10b5–1 should be amended to— (A) limit the ability of issuers and issuer insiders to adopt a trading plan to a period during which the issuer or issuer insider, as applicable, is permitted to buy or sell securities during issuer-adopted trading windows; (B) limit the ability of issuers and issuer insiders to adopt multiple trading plans; (C) establish a mandatory delay during the period beginning on the date on which a trading plan is adopted and ending on the date on which the first trade is executed under such a plan; (D) with respect to a delay established under subparagraph (C), and depending on the findings of the Commission under subparagraph (A)— (i) impose the same delay for trading plans adopted during an issuer-adopted trading window as opposed to outside of such a window; and (ii) provide an exception to such a delay; (E) limit the frequency with which issuers and issuer insiders may modify or cancel trading plans; (F) require issuers and issuer insiders to file with the Commission any adoption of, amendment to, termination of, and transaction under a trading plan; or (G) require the board of directors of an issuer that has adopted a trading plan to— (i) adopt policies governing trading plan practices; (ii) periodically monitor transactions made under the trading plan