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Ban on stock trading for Executive Branch officials and their spouses.

This Act aims to boost public trust by prohibiting high-ranking Executive Branch officials and their spouses from holding or trading individual stocks, commodities, or derivatives. Citizens benefit from increased assurance that government decisions are not driven by officials' personal financial gains. Violations carry significant civil fines and mandatory disgorgement of profits.
Key points
The ban applies to the President, Vice President, high-ranking officials (GS-15 and above), and their spouses.
Officials have 180 days to sell prohibited assets or place them into a Qualified Blind Trust.
Prohibited assets include individual stocks, security futures, and commodities; diversified mutual funds and U.S. Treasury bonds are excluded.
Penalties for violations include disgorgement of all profits to the U.S. Treasury and a civil fine up to $10,000 or the amount of compensation received for the prohibited conduct.
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Expired
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Additional Information
Print number: 118_S_693
Sponsor: Sen. Hawley, Josh [R-MO]
Process start date: 2023-03-07
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

Eliminating Executive Branch Insider Trading Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_693.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-07.

What are the main provisions?

Key points include:

  • The ban applies to the President, Vice President, high-ranking officials (GS-15 and above), and their spouses.
  • Officials have 180 days to sell prohibited assets or place them into a Qualified Blind Trust.
  • Prohibited assets include individual stocks, security futures, and commodities; diversified mutual funds and U.S. Treasury bonds are excluded.
  • Penalties for violations include disgorgement of all profits to the U.S. Treasury and a civil fine up to $10,000 or the amount of compensation received for the prohibited conduct.
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