arrow_back Back to App

Ban on Stock Ownership for Members of Congress and Spouses

This bill aims to prohibit U.S. Members of Congress and their spouses from owning and trading stocks, bonds, and other securities. The goal is to prevent conflicts of interest and enhance public trust. Citizens can expect greater transparency from their representatives.
Key points
Members of Congress and their spouses must sell off most stocks and securities within 180 days of the law's enactment (or becoming a Member).
Exceptions include diversified investment funds, U.S. Treasury bonds, government retirement plans, and interests in small businesses that do not present a conflict of interest.
Violations can result in a civil penalty of up to $50,000 per offense.
The act seeks to build public confidence in government by removing potential conflicts of interest from lawmakers' personal investments.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6678
Sponsor: Rep. Jayapal, Pramila [D-WA-7]
Process start date: 2022-02-09
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Bipartisan Ban on Congressional Stock Ownership Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6678.

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 2022-02-09.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses must sell off most stocks and securities within 180 days of the law's enactment (or becoming a Member).
  • Exceptions include diversified investment funds, U.S. Treasury bonds, government retirement plans, and interests in small businesses that do not present a conflict of interest.
  • Violations can result in a civil penalty of up to $50,000 per offense.
  • The act seeks to build public confidence in government by removing potential conflicts of interest from lawmakers' personal investments.
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. Jayapal, Pramila [D-WA-7].

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 2025-12-28.

CATEGORIES

Courts and Law Economy