S 3494 · 117th Congress · Congress
Ban Congressional Stock Trading Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.(2022-01-12)
Plain Language Summary
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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 dependent of the Member. 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (15)
15 Democrats