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Ban on Financial Trading for Federal Employees on Government Property

This bill aims to prohibit federal officers and employees from engaging in financial trading activities (e.g., stocks, cryptocurrencies) while on government property or using government resources. This is intended to increase public trust in government administration and prevent conflicts of interest. Citizens can expect greater transparency in the actions of public officials.
Key points
Federal employees cannot buy or sell stocks, bonds, or cryptocurrencies while on federal property or using government-issued devices.
Exceptions include employees whose official duties involve financial trading and transactions related to the Thrift Savings Plan.
Violations can result in fines (up to $5,000 or the value of the trade) and disciplinary actions, including termination.
The act is set to take effect 90 days after its enactment.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_2383
Sponsor: Rep. Mace, Nancy [R-SC-1]
Process start date: 2023-03-29
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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

Prohibition of Financial Trading on Government Property Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2383.

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 2023-03-29.

What are the main provisions?

Key points include:

  • Federal employees cannot buy or sell stocks, bonds, or cryptocurrencies while on federal property or using government-issued devices.
  • Exceptions include employees whose official duties involve financial trading and transactions related to the Thrift Savings Plan.
  • Violations can result in fines (up to $5,000 or the value of the trade) and disciplinary actions, including termination.
  • The act is set to take effect 90 days after its enactment.
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. Mace, Nancy [R-SC-1].

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