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New Rules for Officials: Stock Trading Ban and Increased Transparency

The STOCK Act 2.0 introduces new rules for high-ranking government officials, members of Congress, and their families, aiming to increase transparency and prevent conflicts of interest. Citizens will gain better access to information about these individuals' finances, potentially increasing trust in government. Key changes include a ban on stock trading and a requirement to report payments from the government.
Key points
Bans stock, futures, commodity, and cryptocurrency trading for Members of Congress, the President, Vice President, Supreme Court Justices, Federal Reserve Board members, and their spouses and dependent children.
Requires officials and their families to report all payments received from the federal government, including loans, contracts, and grants, excluding salaries and tax refunds.
Increases transparency by making financial and transaction reports electronically available online, allowing citizens to search and download data.
Extends the scope of regulations to Federal Reserve officials, including presidents, vice presidents, and directors of Federal Reserve banks.
Imposes financial penalties for failing to report required information or violating the stock trading ban.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6842
Sponsor: Rep. Porter, Katie [D-CA-47]
Process start date: 2023-12-15
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

STOCK Act 2.0

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6842.

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 2023-12-15.

What are the main provisions?

Key points include:

  • Bans stock, futures, commodity, and cryptocurrency trading for Members of Congress, the President, Vice President, Supreme Court Justices, Federal Reserve Board members, and their spouses and dependent children.
  • Requires officials and their families to report all payments received from the federal government, including loans, contracts, and grants, excluding salaries and tax refunds.
  • Increases transparency by making financial and transaction reports electronically available online, allowing citizens to search and download data.
  • Extends the scope of regulations to Federal Reserve officials, including presidents, vice presidents, and directors of Federal Reserve banks.
  • Imposes financial penalties for failing to report required information or violating the stock trading ban.
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. Porter, Katie [D-CA-47].

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