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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.
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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy