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.
Status:
Introduced
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