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Ban on Stock Trading for Congress Members and Families

This new law aims to boost public trust by prohibiting members of Congress, their spouses, and dependent children from trading stocks and owning most securities. Citizens can expect greater transparency and reduced potential for conflicts of interest in decisions made by their representatives.
Key points
Members of Congress, their spouses, and children must sell most stocks, bonds, and other securities within 180 days (or 5 years for certain complex investments).
New members of Congress and their families will have 90 days to divest assets after taking office.
Exceptions include widely held investment funds, U.S. Treasury bonds, government retirement plans, and interests in small businesses that do not present a conflict of interest.
Violations can result in a civil penalty of up to $100,000 per offense.
The act provides tax relief for individuals required to sell assets to comply, provided proceeds are reinvested in permitted assets.
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Status: Introduced
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Additional Information
Print number: 119_HR_1908
Sponsor: Rep. Burchett, Tim [R-TN-2]
Process start date: 2025-03-06