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Ban on Stock Trading for Congress Members and Families

This new bill aims to prohibit US Congress members and their spouses from holding, buying, and selling stocks, bonds, and other financial instruments. This is intended to prevent the use of insider information for personal gain. Citizens can expect greater transparency and trust in their representatives.
Key points
Members of Congress and their spouses will be prohibited from trading stocks and other financial instruments.
Exceptions to the ban include diversified mutual funds and US Treasury bonds.
Violations can lead to disgorgement of profits to the US Treasury and civil fines.
Ethics committees will oversee compliance and publish compliance certifications.
The act mandates an audit of compliance by the Government Accountability Office.
article Official text account_balance Process page
Placed on Calendar
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1498
Sponsor: Sen. Hawley, Josh [R-MO]
Process start date: 2025-04-28
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

Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1498.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-28.

What are the main provisions?

Key points include:

  • Members of Congress and their spouses will be prohibited from trading stocks and other financial instruments.
  • Exceptions to the ban include diversified mutual funds and US Treasury bonds.
  • Violations can lead to disgorgement of profits to the US Treasury and civil fines.
  • Ethics committees will oversee compliance and publish compliance certifications.
  • The act mandates an audit of compliance by the Government Accountability Office.
What is the specific legal status?

The current status is Placed on Calendar.

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 Sen. Hawley, Josh [R-MO].

What is the latest detailed status?

The latest detailed status is: Placed on Senate Legislative Calendar under General Orders. Calendar No. 294.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Economy