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Ban on Stock Trading for Members of Congress and Staff

New rules aim to boost public trust by prohibiting members of Congress and senior staff from trading stocks, commodities, and futures. Citizens can expect greater transparency and reduced risk of conflicts of interest from their representatives. The act imposes financial penalties for non-compliance.
Key points
Members of Congress and senior staff are prohibited from buying or selling stocks, commodities, or futures.
Exceptions exist for investments held before taking office, which can be divested within 6 months or placed in a blind trust.
Serving on the board of any for-profit entity is also prohibited.
Violations carry a civil penalty of at least 10% of the value of the conflicted investment.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_564
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2021-03-03
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

Ban Conflicted Trading Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_564.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • Members of Congress and senior staff are prohibited from buying or selling stocks, commodities, or futures.
  • Exceptions exist for investments held before taking office, which can be divested within 6 months or placed in a blind trust.
  • Serving on the board of any for-profit entity is also prohibited.
  • Violations carry a civil penalty of at least 10% of the value of the conflicted investment.
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. Merkley, Jeff [D-OR].

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

Courts and Law Economy