Ban Congressional Stock Trading Act
- Last Action
- 9/12/2023
Actions
- 2023-09-12Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 2023-09-12Introduced in Senate
CRS Summary
As of 2023-09-12 (00)
Ban Congressional Stock Trading Act
This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member, the Member's spouse, or a Member's dependent who is less than 19 years old. This requirement applies for the entire period of a Member's service in Congress and for 180 days after that service ceases.
A Member of Congress who does not comply with the bill's requirements is subject to a fine equal to the Member's monthly congressional salary. The fine must be assessed 30 days after notice of the violation is issued and at least every subsequent 30 days.
Cosponsors (8)
- Mark Kelly (D-AZ)
- Raphael Warnock (D-GA)
- Michael Bennet (D-CO)
- Tammy Duckworth (D-IL)
- Ben Luján (D-NM)
- Brian Schatz (D-HI)
- Tammy Baldwin (D-WI)
- Jeanne Shaheen (D-NH)
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.