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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.
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Status:
Introduced
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Additional Information
No Shorting America Act
Print number: HR 4036
Sponsor: Rep. Kean, Thomas H. [R-NJ-7]
Process start date: 2025-06-17
System Note: Lustra is free, publicly auditable civic infrastructure, with 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
Source data: api.congress.gov
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Summary & Status

Key Questions about Ban on Short Selling for Congress Members and Families

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 4036

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. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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