Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.
This resolution provides for the immediate consideration of the "Restore Trust in Congress Act," a bill designed to prohibit stock trading and ownership by Members of Congress , their spouses , and dependent children . It outlines specific restrictions on various financial instruments, including securities, commodities, and futures, while providing exemptions for widely held investment funds and certain other assets. The Act mandates that covered individuals divest any prohibited investments within 180 days of enactment, or 90 days if they become a covered individual later. It also establishes a process for certificates of divestiture , allowing for tax deferral benefits. Exceptions are made for trades conducted as part of a spouse's or dependent child's primary occupation, and under strict conditions for certain family trusts. To ensure compliance, the bill imposes significant penalties for violations, including a fee equal to ten percent of the investment's value and the disgorgement of any profits from illegal transactions, with funds directed to the U.S. Treasury. Furthermore, it prohibits the use of official or campaign funds to pay these penalties. The supervising ethics office is also required to publish details of all assessed fines on a public website, enhancing transparency and accountability.
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Timeline
Submitted in House
Referred to the House Committee on Rules.
Motion to Discharge Committee filed by Mrs. Luna. Petition No: 119-11. (<a href="https://clerk.house.gov/DischargePetition/2025120211">Discharge petition</a> text with signatures.)
Submitted in House
Referred to the House Committee on Rules.
Motion to Discharge Committee filed by Mrs. Luna. Petition No: 119-11. (<a href="https://clerk.house.gov/DischargePetition/2025120211">Discharge petition</a> text with signatures.)
Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.
USA119th CongressHRES-725| House
| Updated: 12/2/2025
This resolution provides for the immediate consideration of the "Restore Trust in Congress Act," a bill designed to prohibit stock trading and ownership by Members of Congress , their spouses , and dependent children . It outlines specific restrictions on various financial instruments, including securities, commodities, and futures, while providing exemptions for widely held investment funds and certain other assets. The Act mandates that covered individuals divest any prohibited investments within 180 days of enactment, or 90 days if they become a covered individual later. It also establishes a process for certificates of divestiture , allowing for tax deferral benefits. Exceptions are made for trades conducted as part of a spouse's or dependent child's primary occupation, and under strict conditions for certain family trusts. To ensure compliance, the bill imposes significant penalties for violations, including a fee equal to ten percent of the investment's value and the disgorgement of any profits from illegal transactions, with funds directed to the U.S. Treasury. Furthermore, it prohibits the use of official or campaign funds to pay these penalties. The supervising ethics office is also required to publish details of all assessed fines on a public website, enhancing transparency and accountability.
Get AI-generated questions to help you understand this bill better
Timeline
Submitted in House
Referred to the House Committee on Rules.
Motion to Discharge Committee filed by Mrs. Luna. Petition No: 119-11. (<a href="https://clerk.house.gov/DischargePetition/2025120211">Discharge petition</a> text with signatures.)
Submitted in House
Referred to the House Committee on Rules.
Motion to Discharge Committee filed by Mrs. Luna. Petition No: 119-11. (<a href="https://clerk.house.gov/DischargePetition/2025120211">Discharge petition</a> text with signatures.)