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Ending Trading and Holdings in Congressional Stocks (ETHICS) Act

USA118th CongressHR-2678| House 
| Updated: 4/18/2023
Raja Krishnamoorthi

Raja Krishnamoorthi

Democratic Representative

Illinois

Cosponsors (12)
Mark Pocan (Democratic)Paul Tonko (Democratic)Ro Khanna (Democratic)John Joyce (Republican)Eleanor Holmes Norton (Democratic)Michael Cloud (Republican)Joe Neguse (Democratic)Alexandria Ocasio-Cortez (Democratic)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Michael Lawler (Republican)Jennifer A. Kiggans (Republican)

Committee on House Administration, Judiciary Committee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Ending Trading and Holdings in Congressional Stocks (ETHICS) Act This bill generally prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, Treasury securities, or other specified holdings. Violations of this prohibition are subject to specified civil penalties. Members must certify their compliance with the provisions of the bill, and the applicable House or Senate ethics office must make the certifications and related information (e.g., trust agreements; descriptions of assets held in trusts; and federal loans, grants, or related benefits that the Member received) available online. Additionally, the bill restricts certain communications between trustees and beneficiaries related to investments held in qualified blind trusts. Violations of the restriction are subject to specified civil penalties. Further, the bill imposes penalties for failing to comply with existing financial disclosure requirements and requires electronic filing of those disclosures in a searchable format.
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Timeline
Apr 18, 2023
Introduced in House
Apr 18, 2023
Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 19, 2024

Latest Companion Bill Action

S 118-1171
Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-309.
  • April 18, 2023
    Introduced in House


  • April 18, 2023
    Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • December 19, 2024

    Latest Companion Bill Action

    S 118-1171
    Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-309.

Congress

Related Bills

  • S 118-1171: Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
Civil actions and liabilityCommodities marketsFamily relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities

Ending Trading and Holdings in Congressional Stocks (ETHICS) Act

USA118th CongressHR-2678| House 
| Updated: 4/18/2023
Ending Trading and Holdings in Congressional Stocks (ETHICS) Act This bill generally prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, Treasury securities, or other specified holdings. Violations of this prohibition are subject to specified civil penalties. Members must certify their compliance with the provisions of the bill, and the applicable House or Senate ethics office must make the certifications and related information (e.g., trust agreements; descriptions of assets held in trusts; and federal loans, grants, or related benefits that the Member received) available online. Additionally, the bill restricts certain communications between trustees and beneficiaries related to investments held in qualified blind trusts. Violations of the restriction are subject to specified civil penalties. Further, the bill imposes penalties for failing to comply with existing financial disclosure requirements and requires electronic filing of those disclosures in a searchable format.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 18, 2023
Introduced in House
Apr 18, 2023
Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 19, 2024

Latest Companion Bill Action

S 118-1171
Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-309.
  • April 18, 2023
    Introduced in House


  • April 18, 2023
    Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • December 19, 2024

    Latest Companion Bill Action

    S 118-1171
    Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-309.
Raja Krishnamoorthi

Raja Krishnamoorthi

Democratic Representative

Illinois

Cosponsors (12)
Mark Pocan (Democratic)Paul Tonko (Democratic)Ro Khanna (Democratic)John Joyce (Republican)Eleanor Holmes Norton (Democratic)Michael Cloud (Republican)Joe Neguse (Democratic)Alexandria Ocasio-Cortez (Democratic)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Michael Lawler (Republican)Jennifer A. Kiggans (Republican)

Committee on House Administration, Judiciary Committee, Oversight and Government Reform Committee

Congress

Related Bills

  • S 118-1171: Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Civil actions and liabilityCommodities marketsFamily relationshipsFinancial services and investmentsGovernment ethics and transparency, public corruptionGovernment information and archivesMembers of CongressSecurities