arrow_back Civic Audit
Share share

Banning Stock Trading for Members of Congress and Their Spouses

This new bill aims to prohibit U.S. Members of Congress and their spouses from buying, selling, or holding stocks and other financial instruments. The goal is to prevent the use of privileged information for personal financial gain. Citizens can expect increased transparency and trust in their representatives' actions.
Key points
Members of Congress and their spouses are prohibited from trading or holding most financial instruments.
Exceptions include diversified mutual funds, diversified exchange-traded funds, U.S. Treasury bills, and assets held in qualified blind trusts.
Penalties for violations include disgorgement of profits, disallowing tax deductions for losses, and civil fines.
Members must annually certify compliance, and these certifications will be publicly available.
An independent audit will be conducted to ensure compliance with the new rules.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_HR_6490
Sponsor: Rep. Hartzler, Vicky [R-MO-4]
Process start date: 2022-01-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Banning Insider Trading in Congress Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6490.

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 2022-01-25.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses are prohibited from trading or holding most financial instruments.
  • Exceptions include diversified mutual funds, diversified exchange-traded funds, U.S. Treasury bills, and assets held in qualified blind trusts.
  • Penalties for violations include disgorgement of profits, disallowing tax deductions for losses, and civil fines.
  • Members must annually certify compliance, and these certifications will be publicly available.
  • An independent audit will be conducted to ensure compliance with the new rules.
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. Hartzler, Vicky [R-MO-4].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy