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Ban on Short Selling for Congress Members and Families

This new law aims to boost public trust in politicians. It prohibits members of Congress, their spouses, and dependents from engaging in 'short selling' of stocks, which means profiting from a company's decline in value. This is intended to prevent the use of confidential information for personal financial gain.
Key points
Members of Congress, their spouses, and dependents are prohibited from profiting from the decline in value of publicly traded company stocks.
Violations can result in a civil penalty of up to $50,000, which cannot be paid with public funds or campaign funds.
The Congressional ethics office will oversee compliance and make compliance information publicly available.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4036
Sponsor: Rep. Kean, Thomas H. [R-NJ-7]
Process start date: 2025-06-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Shorting America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4036.

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 2025-06-17.

What are the main provisions?

Key points include:

  • Members of Congress, their spouses, and dependents are prohibited from profiting from the decline in value of publicly traded company stocks.
  • Violations can result in a civil penalty of up to $50,000, which cannot be paid with public funds or campaign funds.
  • The Congressional ethics office will oversee compliance and make compliance information publicly available.
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. Kean, Thomas H. [R-NJ-7].

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.

CATEGORIES

Courts and Law Economy