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Ban on Stock Trading for Congress Members and Their Families

This new law aims to prevent insider trading by members of Congress and their spouses. It prohibits them from holding and trading most financial instruments, which is intended to increase public trust in the integrity of government. Citizens can expect greater transparency in the actions of their representatives.
Key points
Members of Congress and their spouses cannot hold or trade stocks, bonds, or derivatives.
Exceptions include diversified mutual funds, ETFs, and U.S. Treasury bonds.
Violations can lead to disgorgement of profits and civil fines imposed by ethics committees.
Congress members must annually certify compliance, and these certifications will be publicly available.
The act seeks to enhance public trust in government integrity by eliminating potential conflicts of interest.
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Status: Introduced
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Additional Information
Print number: 119_HR_3388
Sponsor: Rep. Alford, Mark [R-MO-4]
Process start date: 2025-05-14
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3388.

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 2025-05-14.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses cannot hold or trade stocks, bonds, or derivatives.
  • Exceptions include diversified mutual funds, ETFs, and U.S. Treasury bonds.
  • Violations can lead to disgorgement of profits and civil fines imposed by ethics committees.
  • Congress members must annually certify compliance, and these certifications will be publicly available.
  • The act seeks to enhance public trust in government integrity by eliminating potential conflicts of interest.
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. Alford, Mark [R-MO-4].

What is the latest detailed status?

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

Is this summary verified?

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

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy