Bill > HR6678

This bill, the Bipartisan Ban on Congressional Stock Ownership Act of 2022, prohibits members of Congress and their spouses from owning or trading stocks, bonds, commodities, futures, or other securities, including interests in hedge funds, derivatives, and other complex investment vehicles. The bill provides exceptions for widely held investment funds that do not present a conflict of interest, shares of Alaska Native Settlement Common Stock, U.S. Treasury bills and bonds, government employee retirement plans, and small business interests that do not present a conflict. The bill imposes civil fines of up to $50,000 per violation and allows for nonrecognition of capital gains from required divestitures. The congressional ethics committees are tasked with providing interpretive guidance on the bill's relevant terms.