arrow_back Back to App

Banning Stock Trading for Members of Congress and Spouses

This bill aims to prohibit US Members of Congress and their spouses from owning and trading stocks, bonds, and other financial instruments. This is intended to increase public trust and prevent potential conflicts of interest. Citizens can expect greater transparency from their representatives.
Key points
Members of Congress and their spouses will be required to sell their stocks and other securities within 180 days of the law's enactment (or 5 years for certain complex investments).
Exceptions include widely held investment funds, US Treasury bonds, 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 seeks to enhance public confidence in government by eliminating suspicions of using public information for personal gain.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_1679
Sponsor: Rep. Jayapal, Pramila [D-WA-7]
Process start date: 2023-03-21
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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1679.

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 2023-03-21.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses will be required to sell their stocks and other securities within 180 days of the law's enactment (or 5 years for certain complex investments).
  • Exceptions include widely held investment funds, US Treasury bonds, 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 seeks to enhance public confidence in government by eliminating suspicions of using public information for personal gain.
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: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Courts and Law Economy