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Banning Congressional Stock Trading, Extending Lobbying Ban, and Ending Pay Raises.

This legislation establishes strict ethical rules for Members of Congress and their spouses, prohibiting them from trading or holding individual stocks and certain financial instruments to prevent the use of non-public information. It also significantly extends the "cooling-off" period before former members can become lobbyists and eliminates the automatic cost-of-living adjustments for Congressional salaries. The goal is to enhance public trust and reduce potential conflicts of interest within the government.
Key points
Stock Trading Ban: Members of Congress and their spouses are prohibited from buying, selling, or holding individual stocks, commodities, or derivatives, except through diversified funds or qualified blind trusts.
Extended Lobbying Ban: The post-employment lobbying ban is extended from 2 to 6 years for former Senators and from 1 to 3 years for former House Representatives.
Elimination of Automatic Pay Raises: The law repeals the automatic annual cost-of-living adjustments (COLAs) for Congressional salaries.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_358
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-01-13
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Corruption in Government Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_358.

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 2025-01-13.

What are the main provisions?

Key points include:

  • Stock Trading Ban: Members of Congress and their spouses are prohibited from buying, selling, or holding individual stocks, commodities, or derivatives, except through diversified funds or qualified blind trusts.
  • Extended Lobbying Ban: The post-employment lobbying ban is extended from 2 to 6 years for former Senators and from 1 to 3 years for former House Representatives.
  • Elimination of Automatic Pay Raises: The law repeals the automatic annual cost-of-living adjustments (COLAs) for Congressional salaries.
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. Nunn, Zachary [R-IA-3].

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 2025-12-31.

CATEGORIES

Courts and Law Economy