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Ban on Stock Trading for Senior Government Officials and Families

This act prohibits high-ranking government officials and their immediate families from buying, selling, or holding stocks, cryptocurrencies, and other financial instruments. The goal is to prevent conflicts of interest and boost public trust. Citizens can expect greater transparency from those in important public positions.
Key points
Prohibits Members of Congress, the President, Vice President, Supreme Court Justices, Federal Reserve Board members, and their spouses and dependent children from trading stocks, cryptocurrencies, and other financial interests.
Covered individuals must sell existing financial interests within 120 days of the act's enactment or assuming their position.
Violations will incur a fine of at least 10% of the value of the conflicted financial interest.
Requests for extensions to divest assets will be made public, enhancing transparency.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2877
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY]
Process start date: 2025-09-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

No Stock Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2877.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-09-18.

What are the main provisions?

Key points include:

  • Prohibits Members of Congress, the President, Vice President, Supreme Court Justices, Federal Reserve Board members, and their spouses and dependent children from trading stocks, cryptocurrencies, and other financial interests.
  • Covered individuals must sell existing financial interests within 120 days of the act's enactment or assuming their position.
  • Violations will incur a fine of at least 10% of the value of the conflicted financial interest.
  • Requests for extensions to divest assets will be made public, enhancing transparency.
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 Sen. Gillibrand, Kirsten E. [D-NY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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