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Ban on Stock Trading for Congress Members and Families

This act aims to boost public trust in Congress by prohibiting members, their spouses, and dependent children from trading stocks and owning most securities. Citizens can expect greater transparency and reduced conflicts of interest among their representatives, potentially improving the perceived fairness of legislative processes.
Key points
Members of Congress, their spouses, and dependent children must divest most stocks, bonds, and other securities within 180 days (or 2 years for complex investments).
Exceptions include widely held diversified investment funds, U.S. Treasury bills, government employee retirement funds, and certain small business interests without conflicts of interest.
Violations incur civil penalties of up to $100,000 or 10% of the value of involved securities, which cannot be paid with office or campaign funds.
The act provides tax relief for members and their families who divest assets to comply, provided proceeds are reinvested in authorized assets.
Annual written certifications of compliance will be required, publicly published, and sent to the IRS for verification.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HRES_665
Sponsor: Rep. Luna, Anna Paulina [R-FL-13]
Process start date: 2025-08-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HRES_665.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-08-29.

What are the main provisions?

Key points include:

  • Members of Congress, their spouses, and dependent children must divest most stocks, bonds, and other securities within 180 days (or 2 years for complex investments).
  • Exceptions include widely held diversified investment funds, U.S. Treasury bills, government employee retirement funds, and certain small business interests without conflicts of interest.
  • Violations incur civil penalties of up to $100,000 or 10% of the value of involved securities, which cannot be paid with office or campaign funds.
  • The act provides tax relief for members and their families who divest assets to comply, provided proceeds are reinvested in authorized assets.
  • Annual written certifications of compliance will be required, publicly published, and sent to the IRS for verification.
What is the specific legal status?

The current status is Introduced.

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 Rep. Luna, Anna Paulina [R-FL-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Rules.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-21.

CATEGORIES

Courts and Law Economy