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Banning Stock Trading and Investment Ownership for Members of Congress and Spouses.

This bill aims to boost public trust by prohibiting Members of Congress and their spouses from holding, buying, or selling individual stocks, futures, and commodities. It ensures that lawmakers cannot profit from non-public information or legislation they are involved in creating. Only diversified mutual funds and U.S. Treasury bonds remain permissible.
Key points
Members of Congress and their spouses must sell off all individual stocks and covered financial instruments within 180 days of the law taking effect.
Violations result in the surrender of all profits (disgorgement) to the U.S. Treasury and potential civil fines assessed by ethics committees.
The ban excludes diversified mutual funds, diversified ETFs, U.S. Treasury securities, and assets held in a qualified blind trust.
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Additional Information
Print number: 118_S_58
Sponsor: Sen. Hawley, Josh [R-MO]
Process start date: 2023-01-24
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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_58.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-01-24.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses must sell off all individual stocks and covered financial instruments within 180 days of the law taking effect.
  • Violations result in the surrender of all profits (disgorgement) to the U.S. Treasury and potential civil fines assessed by ethics committees.
  • The ban excludes diversified mutual funds, diversified ETFs, U.S. Treasury securities, and assets held in a qualified blind trust.
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 2025-12-27.

CATEGORIES

Courts and Law Economy