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Banning Stock Trading and Individual Investments for Members of Congress and Spouses.

This bill aims to restore public trust by prohibiting Members of Congress and their spouses from buying, selling, or holding individual stocks, commodities, and derivatives. Citizens benefit from increased transparency regarding potential conflicts of interest, as politicians must now invest only in diversified funds or Treasury bonds. Violations result in the disgorgement of profits and civil fines.
Key points
Members of Congress and their spouses are prohibited from holding or trading individual stocks, commodities, or derivatives while in office.
Exceptions include diversified mutual funds, diversified ETFs, and U.S. Treasury securities.
Existing prohibited assets must be divested within 180 days of the law's enactment or the start of the term.
Annual compliance certification must be submitted and published publicly by ethics committees.
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Expired
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Additional Information
Print number: 118_S_439
Sponsor: Sen. Hawley, Josh [R-MO]
Process start date: 2023-02-15
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_439.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-15.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses are prohibited from holding or trading individual stocks, commodities, or derivatives while in office.
  • Exceptions include diversified mutual funds, diversified ETFs, and U.S. Treasury securities.
  • Existing prohibited assets must be divested within 180 days of the law's enactment or the start of the term.
  • Annual compliance certification must be submitted and published publicly by ethics committees.
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 Sen. Hawley, Josh [R-MO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Courts and Law Economy