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Bipartisan Ban on Congressional Stock Ownership Act of 2022

This act prohibits members of the U.S. Congress and their spouses from owning or trading stocks, bonds, and other financial instruments.
Key points
Members of Congress and their spouses must divest from general assets within 180 days, and from complex investment vehicles (such as hedge funds) within 5 years of enactment or assuming office.
Exceptions include widely held investment funds, U.S. Treasury bills, government employee retirement plans, and interests in small businesses that do not present a conflict of interest.
Violations of the ban can result in a civil penalty of up to $50,000 per violation.
The act amends the tax code to allow for the nonrecognition of gain for tax purposes regarding assets sold to comply with this law.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3631
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2022-02-10
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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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_S_3631.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-02-10.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses must divest from general assets within 180 days, and from complex investment vehicles (such as hedge funds) within 5 years of enactment or assuming office.
  • Exceptions include widely held investment funds, U.S. Treasury bills, government employee retirement plans, and interests in small businesses that do not present a conflict of interest.
  • Violations of the ban can result in a civil penalty of up to $50,000 per violation.
  • The act amends the tax code to allow for the nonrecognition of gain for tax purposes regarding assets sold to comply with this law.
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. Warren, Elizabeth [D-MA].

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 2026-01-02.

CATEGORIES

Courts and Law Economy