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Ban on Stock Trading for Members of Congress and Staff

This bill aims to prohibit members of Congress and senior staff from trading stocks, commodities, and futures. This is intended to prevent situations where their policy decisions could be influenced by personal financial gain. Citizens can expect greater transparency and trust in the actions of their representatives.
Key points
Members of Congress and certain employees are prohibited from buying or selling stocks, commodities, or futures.
The ban also includes serving on boards of for-profit companies.
Exceptions exist for investments held before taking office, which can be sold within 6 months or placed in a blind trust.
Violations are subject to a civil penalty of at least 10% of the value of the transaction.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1579
Sponsor: Rep. Krishnamoorthi, Raja [D-IL-8]
Process start date: 2021-03-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ban Conflicted Trading Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1579.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Members of Congress and certain employees are prohibited from buying or selling stocks, commodities, or futures.
  • The ban also includes serving on boards of for-profit companies.
  • Exceptions exist for investments held before taking office, which can be sold within 6 months or placed in a blind trust.
  • Violations are subject to a civil penalty of at least 10% of the value of the transaction.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Krishnamoorthi, Raja [D-IL-8].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Courts and Law Economy