Ban on Stock Trading for Lawmakers and Families to End Conflicts of Interest.
This Act strictly prohibits members of the Legislative Assembly, their spouses, and dependent children from trading individual stocks and financial instruments to eliminate conflicts of interest. Citizens benefit from increased trust that legislative decisions are made for the public good, not personal profit. An independent ethics office is established to monitor transactions and impose severe financial penalties for violations.
Key points
Total ban on buying or selling individual stocks and derivatives for lawmakers and their immediate family (spouses, dependents under 26).
Mandatory divestment of prohibited assets or placement into a Qualified Blind Trust within 90 days of the law taking effect.
An Independent Ethics Office is created with power to monitor transactions and impose penalties equal to three times the value of the illegal trade.
Only broadly diversified investment funds, over which the official has no control, are permitted.
Initiative
Citizen Poll