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Ban on Stock Trading for Federal Reserve Officials

This act aims to increase public trust in the Federal Reserve. It prohibits key employees from trading stocks, commodities, virtual currencies, and other financial instruments. This ensures that financial decisions are not influenced by personal gain, benefiting citizens by promoting integrity.
Key points
Key Federal Reserve personnel, including Board members and bank presidents, are prohibited from buying or selling stocks, commodities, virtual currencies, or derivatives.
Exceptions exist for investments held before taking office, which must be divested within 6 months or placed in a qualified blind trust.
Violations of the ban carry a civil penalty of at least 10% of the value of the conflicted transaction.
All permitted investment transactions require 45 days' advance notice and approval, and investments must be held for a minimum of one year.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_3076
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2021-10-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ban Conflicted Trading at the Fed Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3076.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-26.

What are the main provisions?

Key points include:

  • Key Federal Reserve personnel, including Board members and bank presidents, are prohibited from buying or selling stocks, commodities, virtual currencies, or derivatives.
  • Exceptions exist for investments held before taking office, which must be divested within 6 months or placed in a qualified blind trust.
  • Violations of the ban carry a civil penalty of at least 10% of the value of the conflicted transaction.
  • All permitted investment transactions require 45 days' advance notice and approval, and investments must be held for a minimum of one year.
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 Sen. Brown, Sherrod [D-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law