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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1599
Sponsor: Rep. Cloud, Michael [R-TX-27]
Process start date: 2025-02-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Dismantling Investments in Violation of Ethical Standards through Trusts Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1599.

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 2025-02-26.

What are the main provisions?

Key points include:

  • 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.
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. Cloud, Michael [R-TX-27].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Courts and Law Economy