summary
Introduced
03/03/2021
03/03/2021
In Committee
03/03/2021
03/03/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To prohibit Members of Congress from purchasing or selling certain investments, and for other purposes.
AI Summary
This bill, the Ban Conflicted Trading Act, proposes to prohibit members of Congress and certain congressional staff from purchasing or selling "covered investments," which include securities, commodities, and futures, with some exceptions. The bill also prohibits covered persons from serving as officers or board members of for-profit entities. Covered persons can hold investments they already own when taking office, but they must either place them in a qualified blind trust or divest within six months. The bill will be administered by the Senate and House Ethics Committees, and violations can result in civil penalties of at least 10% of the value of the prohibited transaction.
Committee Categories
Military Affairs and Security
Sponsors (11)
Jeff Merkley (D)*,
Sherrod Brown (D),
Tammy Duckworth (D),
Kirsten Gillibrand (D),
Amy Klobuchar (D),
Bernie Sanders (I),
Jeanne Shaheen (D),
Tina Smith (D),
Debbie Stabenow (D),
Jon Tester (D),
Raphael Warnock (D),
Last Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 03/03/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/564/all-info |
| BillText | https://www.congress.gov/117/bills/s564/BILLS-117s564is.pdf |
| Bill | https://www.congress.gov/117/bills/s564/BILLS-117s564is.pdf.pdf |
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