Ban on Congressional Investments in Countries Deemed Foreign Adversaries.
This bill aims to enhance national security and prevent conflicts of interest by restricting the financial activities of US lawmakers. It prohibits Members of Congress from engaging in any financial transactions that directly or indirectly benefit governments or entities from countries designated as foreign adversaries. This measure ensures greater accountability and reduces the risk of foreign influence on US policy decisions.
Key points
Members of Congress are banned from making investments or conducting financial transactions with entities tied to China, Russia, Iran, North Korea, Cuba, and Venezuela (Maduro regime).
The prohibition covers a wide range of financial dealings, including buying stocks, bonds, commodities, derivatives, and receiving loans or gifts from these entities.
Violations are subject to civil penalties starting at $5,000 for the first offense, ensuring enforcement of ethical standards.
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