Ban Stock Trading for Officials: Increased Transparency and Conflict Reduction
This bill imposes a ban on the purchase, sale, and holding of covered financial interests (such as securities and commodities) by Members of Congress, the President, the Vice President, and certain senior federal officials, as well as their spouses or dependent children. The goal is to eliminate conflicts of interest in the executive and legislative branches. Furthermore, it mandates reporting of payments received from the federal government and imposes penalties, including fines and disgorgement of profits, for non-compliance.
Key points
Prohibits key federal officials and their families from holding or trading covered financial interests, including securities and commodities.
Requires divestiture of prohibited assets within 180 days of enactment or assuming office.
Mandates reporting by officials and their families of payments, loans, or grants received from the Federal Government.
Financial disclosure reports must be publicly available online in a searchable and downloadable format.
Violations result in disgorgement of profits to the Treasury and fines.
Expired
Citizen Poll