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Ending Trading and Holdings In Congressional Stocks (ETHICS) Act

USA118th CongressS-1171| Senate 
| Updated: 12/19/2024
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (23)
Jeanne Shaheen (Democratic)Mazie K. Hirono (Democratic)Tammy Duckworth (Democratic)Catherine Cortez Masto (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Ben Ray Luján (Democratic)Angus S. King (Independent)Robert P. Casey (Democratic)Tim Kaine (Democratic)Jacky Rosen (Democratic)Chris Van Hollen (Democratic)Jon Tester (Democratic)Debbie Stabenow (Democratic)Martin Heinrich (Democratic)John Fetterman (Democratic)Sherrod Brown (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Tammy Baldwin (Democratic)Peter Welch (Democratic)Benjamin L. Cardin (Democratic)Richard Blumenthal (Democratic)

Homeland Security and Governmental Affairs 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.

Bill Text Versions

View Text
2 versions available

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Timeline
Apr 17, 2023
Introduced in Senate
Apr 17, 2023
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Apr 18, 2023

Latest Companion Bill Action

HR 118-2678
Introduced in House
Jul 24, 2024
Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Dec 19, 2024
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.
Dec 19, 2024
Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.
  • April 17, 2023
    Introduced in Senate


  • April 17, 2023
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.


  • April 18, 2023

    Latest Companion Bill Action

    HR 118-2678
    Introduced in House


  • July 24, 2024
    Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • December 19, 2024
    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.


  • December 19, 2024
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.

Congress

Related Bills

  • HR 118-2678: 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 CongressS-1171| Senate 
| Updated: 12/19/2024
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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

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

Timeline
Apr 17, 2023
Introduced in Senate
Apr 17, 2023
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Apr 18, 2023

Latest Companion Bill Action

HR 118-2678
Introduced in House
Jul 24, 2024
Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Dec 19, 2024
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.
Dec 19, 2024
Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.
  • April 17, 2023
    Introduced in Senate


  • April 17, 2023
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.


  • April 18, 2023

    Latest Companion Bill Action

    HR 118-2678
    Introduced in House


  • July 24, 2024
    Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.


  • December 19, 2024
    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.


  • December 19, 2024
    Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (23)
Jeanne Shaheen (Democratic)Mazie K. Hirono (Democratic)Tammy Duckworth (Democratic)Catherine Cortez Masto (Democratic)Kirsten E. Gillibrand (Democratic)Elizabeth Warren (Democratic)Ben Ray Luján (Democratic)Angus S. King (Independent)Robert P. Casey (Democratic)Tim Kaine (Democratic)Jacky Rosen (Democratic)Chris Van Hollen (Democratic)Jon Tester (Democratic)Debbie Stabenow (Democratic)Martin Heinrich (Democratic)John Fetterman (Democratic)Sherrod Brown (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Tammy Baldwin (Democratic)Peter Welch (Democratic)Benjamin L. Cardin (Democratic)Richard Blumenthal (Democratic)

Homeland Security and Governmental Affairs Committee

Congress

Related Bills

  • HR 118-2678: 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