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Ban on Stock Trading for Congress Members and Families

This act aims to restore public trust by prohibiting stock and other covered investment ownership and trading by Members of Congress, their spouses, and dependent children. Citizens can expect greater transparency and reduced potential conflicts of interest among their representatives, potentially leading to fairer legislative decisions.
Key points
Members of Congress, their spouses, and dependent children will be prohibited from owning or trading stocks, commodities, futures, or similar financial instruments.
Exceptions include widely diversified investment funds, U.S. Treasury bills, state/municipal bonds, compensation from spouse/child employment, small business interests, and personal residence real estate.
Covered individuals will have 180 days (or 90 days after becoming covered) to divest existing covered investments at fair market value.
Penalties for violations include a fee equal to 10% of the investment's value and disgorgement of profits from illegal transactions, payable to the U.S. Treasury.
Ethics offices will publish details of assessed fines, reasons, and results, enhancing transparency.
The act seeks to limit the potential for those in power to use insider information for personal financial gain.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HRES_725
Sponsor: Rep. Luna, Anna Paulina [R-FL-13]
Process start date: 2025-09-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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_725.

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 2025-09-16.

What are the main provisions?

Key points include:

  • Members of Congress, their spouses, and dependent children will be prohibited from owning or trading stocks, commodities, futures, or similar financial instruments.
  • Exceptions include widely diversified investment funds, U.S. Treasury bills, state/municipal bonds, compensation from spouse/child employment, small business interests, and personal residence real estate.
  • Covered individuals will have 180 days (or 90 days after becoming covered) to divest existing covered investments at fair market value.
  • Penalties for violations include a fee equal to 10% of the investment's value and disgorgement of profits from illegal transactions, payable to the U.S. Treasury.
  • Ethics offices will publish details of assessed fines, reasons, and results, enhancing transparency.
  • The act seeks to limit the potential for those in power to use insider information for personal financial gain.
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