Stops federal officials and their families from making money by promoting investments.
This bill would stop the President, Vice President, public officials, high-ranking government employees, and their families from promoting certain investments for personal profit. It would create new rules and penalties to keep them from using their jobs for financial gain, aiming to build public trust.
Today, there is no clear ban on federal officials, high-ranking government employees, or their families from promoting financial assets for personal profit. After this bill, these individuals would be prohibited from such activities during and around their terms of service. They would face civil penalties up to $250,000, have to give back any profits, and potentially criminal charges including prison time for serious violations.
HR 1712 · 119th Congress · February 27, 2025 · AI Summary by gemini-2.5-flash · 10/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.