HOUSE 2678118th CongressReferred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ending Trading and Holdings in Congressional Stocks (ETHICS) Act

Last Action: 4/18/2023

Actions

2023-04-18Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-04-18Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-04-18Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-04-18Introduced in House
2023-04-18Introduced in House

CRS Summary

As of 2023-04-18 (00)

Ending Trading and Holdings in Congressional Stocks (ETHICS) Act

This bill generally prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, Treasury securities, or other specified holdings. Violations of this prohibition are subject to specified civil penalties.

Members must certify their compliance with the provisions of the bill, and the applicable House or Senate ethics office must make the certifications and related information (e.g., trust agreements; descriptions of assets held in trusts; and federal loans, grants, or related benefits that the Member received) available online.

Additionally, the bill restricts certain communications between trustees and beneficiaries related to investments held in qualified blind trusts. Violations of the restriction are subject to specified civil penalties.

Further, the bill imposes penalties for failing to comply with existing financial disclosure requirements and requires electronic filing of those disclosures in a searchable format.

Cosponsors (12)

Michael Cloud (R-TX)
Alexandria Ocasio-Cortez (D-NY)
Joe Neguse (D-CO)
ELEANOR NORTON (D-DC)
Brian Fitzpatrick (R-PA)
Seth Magaziner (D-RI)
Mark Pocan (D-WI)
Ro Khanna (D-CA)
Jennifer Kiggans (R-VA)
Michael Lawler (R-NY)
Paul Tonko (D-NY)
John Joyce (R-PA)

Subjects

Civil actions and liability
Commodities markets
Family relationships
Financial services and investments
Government ethics and transparency, public corruption
Government information and archives
Members of Congress
Securities

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.