This bill aims to prevent Members of Congress from trading stocks and other financial instruments while serving in office to avoid conflicts of interest. It establishes clear rules and penalties for violations.
If you are a Member of Congress, you cannot trade stocks while serving in office.
Who this affects
Members of Congress · Spouses of Congress members
What changes is this bill making?
1This bill would stop Members of Congress from buying or selling certain financial assets while in office.
2It defines specific financial instruments that are prohibited, like stocks and commodities.
3Members of Congress and their spouses must report their compliance with these rules annually.
4If they violate this rule, they must return any profits and may face fines.
5Certain investments, like mutual funds and U.S. Treasury securities, are excluded from this ban.
