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Ban on Stock Trading for Senior Federal Employees and Families

This new law aims to increase public trust by prohibiting senior federal employees, their spouses, and dependent children from trading certain financial instruments. This is intended to prevent the use of confidential information for personal gain. Citizens can expect greater transparency and fairness in government actions.
Key points
Senior federal employees, their spouses, and dependent children will be prohibited from holding, purchasing, or selling stocks, bonds, or commodities.
Exceptions include diversified mutual funds, U.S. Treasury bills, and assets held in qualified blind trusts.
Violations can lead to disgorgement of profits, inability to deduct losses for tax purposes, and civil fines.
Employees must annually certify compliance, and these certifications will be publicly available.
Ethics offices will oversee compliance and assess fines, with their decisions also being public.
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Status: Introduced
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Additional Information
Print number: 119_HR_1599
Sponsor: Rep. Cloud, Michael [R-TX-27]
Process start date: 2025-02-26