Bill > HR6401

This bill, the Ban Conflicted Trading Act, prohibits members of Congress and certain congressional officers and employees from (1) purchasing or selling specified investments, (2) entering into transactions that create a net short position in a security, or (3) serving as an officer or board member of any for-profit entity. The bill defines key terms like "covered investment" and provides exceptions for investments held before taking office or divested within a certain timeframe. The bill also authorizes the Senate and House Ethics Committees to administer and provide guidance on the Act, and imposes civil penalties for noncompliance.