This resolution, known as the "NO STOCK Resolution," seeks to amend the existing Rules of the House of Representatives. Its primary objective is to modify Rule XXIII, which outlines the Code of Official Conduct for members. The proposed amendment would introduce a new clause explicitly stating that a Member, Delegate, or Resident Commissioner is prohibited from owning the common stock of any individual public corporation . This restriction is intended to prevent potential conflicts of interest that may arise from personal financial holdings. By limiting individual stock ownership, the resolution aims to enhance ethical standards and foster greater public trust in the integrity of congressional decision-making.
This resolution, known as the "NO STOCK Resolution," seeks to amend the existing Rules of the House of Representatives. Its primary objective is to modify Rule XXIII, which outlines the Code of Official Conduct for members. The proposed amendment would introduce a new clause explicitly stating that a Member, Delegate, or Resident Commissioner is prohibited from owning the common stock of any individual public corporation . This restriction is intended to prevent potential conflicts of interest that may arise from personal financial holdings. By limiting individual stock ownership, the resolution aims to enhance ethical standards and foster greater public trust in the integrity of congressional decision-making.