Bans senior federal employees and their families from trading individual stocks and certain investments.
This bill would stop senior federal employees, their spouses, and dependent children from buying, selling, or holding individual stocks and certain other investments. It aims to prevent conflicts of interest by requiring them to sell off these holdings within 180 days or place them in a blind trust. If passed, these new rules would take effect 12 months after becoming law.
Today, senior federal employees and their families can generally hold and trade individual stocks and other specific investments, though they must follow existing ethics rules about conflicts of interest. If this bill passes, these individuals would be banned from holding, buying, or selling such investments, with exceptions for diversified funds, U.S. Treasury bonds, and certain existing exemptions. They would have 180 days to sell off any banned holdings or move them into a blind trust, and face fines and other financial penalties for not following the rules. They could also defer capital gains taxes on required sales if they reinvest in approved assets.
HR 1599 · 119th Congress · February 26, 2025 · AI Summary by gemini-2.5-flash · 8/10
Sign in to see your representatives' phone numbers