Ban on Stock Trading for Members of Congress and Families
New rules aim to increase public trust by prohibiting Members of Congress, their spouses, and dependents from trading stocks. Instead, they must place their investments in special, independent trusts to avoid conflicts of interest. Citizens may benefit from greater transparency and fairness in legislative actions.
Key points
Members of Congress and their families cannot buy or sell stocks, commodities, or futures.
Existing investments must be divested or placed in "qualified blind trusts" within 120 days.
New rules also apply to inherited investments, which must be divested or placed in a blind trust.
All information about these trusts and any penalties will be publicly available.
Failure to comply results in significant financial penalties, equal to a Member's monthly pay.
Status:
Expired
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