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Ban on Stock Trading for Congress Members and Families

This new law aims to restore faith in government by prohibiting members of Congress, their spouses, and dependents from trading stocks and other financial instruments. This is intended to prevent the use of insider information for personal gain, which could affect the perception of legislative integrity. Citizens can expect greater transparency in the actions of their representatives.
Key points
Members of Congress, their spouses, and dependents are prohibited from owning or trading most financial instruments.
Exceptions include widely held investment funds, U.S. Treasury bonds, state/local government bonds, and Thrift Savings Plan investments.
Those affected have 90 days to divest prohibited assets or place them in a qualified blind trust.
Violations can result in a civil penalty of up to $50,000, which cannot be paid with public or campaign funds.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_3003
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2023-04-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bipartisan Restoring Faith in Government Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3003.

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 2023-04-28.

What are the main provisions?

Key points include:

  • Members of Congress, their spouses, and dependents are prohibited from owning or trading most financial instruments.
  • Exceptions include widely held investment funds, U.S. Treasury bonds, state/local government bonds, and Thrift Savings Plan investments.
  • Those affected have 90 days to divest prohibited assets or place them in a qualified blind trust.
  • Violations can result in a civil penalty of up to $50,000, which cannot be paid with public or campaign funds.
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. Fitzpatrick, Brian K. [R-PA-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 2025-12-25.

CATEGORIES

Courts and Law Economy