Homeland Security and Governmental Affairs Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Ban Congressional Stock Trading Act This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member, the Member's spouse, or a dependent of the Member. This requirement applies for the entire period of a Member's service in Congress and for 180 days after that service ceases. A Member of Congress who does not comply with the bill's requirements is subject to a fine equal to the Member's monthly congressional salary. The fine must be assessed 30 days after notice of the violation is issued and at least every subsequent 30 days.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Congress
Civil actions and liabilityFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities
Ban Congressional Stock Trading Act
USA117th CongressS-3494| Senate
| Updated: 1/12/2022
Ban Congressional Stock Trading Act This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member, the Member's spouse, or a dependent of the Member. This requirement applies for the entire period of a Member's service in Congress and for 180 days after that service ceases. A Member of Congress who does not comply with the bill's requirements is subject to a fine equal to the Member's monthly congressional salary. The fine must be assessed 30 days after notice of the violation is issued and at least every subsequent 30 days.
Homeland Security and Governmental Affairs Committee
Congress
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Civil actions and liabilityFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities