Bans Members of Congress and their families from owning or trading most individual stocks and investments.
This bill would stop Members of Congress, their spouses, and dependent children from owning or trading most individual stocks and other investments. They would have to sell off any current holdings within 90 to 180 days.
Today, Members of Congress and their families can generally buy and sell stocks and other investments, following ethics and disclosure rules. There are no outright bans on owning individual company stocks, commodities, or futures. This bill would change that by prohibiting Members of Congress, their spouses, and dependent children from directly or indirectly owning or trading most individual stocks, commodities, futures, or similar investments. They would be required to sell off existing holdings within 90 to 180 days and face penalties for violations, including a fee of ten percent of the investment's value and giving back any profits.
S 3649 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
Sign in to see your representatives' phone numbers