Bill > S58

This bill, the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, amends the Ethics in Government Act of 1978 to prohibit Members of Congress and their spouses from holding, purchasing, or selling any "covered financial instruments" during their term of service. Covered financial instruments are defined to include investments in securities, security futures, and commodities, as well as any comparable economic interests acquired through synthetic means like derivatives. The bill provides exceptions for selling covered financial instruments within 180 days of the law's enactment or the start of a Member's term, and for holding such instruments in a qualified blind trust. The bill also requires Members of Congress to annually certify their compliance, empowers the Senate Select Committee on Ethics and the House Committee on Ethics to implement and enforce the requirements, and mandates a Government Accountability Office audit of compliance within two years.

Budget and Finance

https://www.congress.gov/bill/118th-congress/senate-bill/58/all-info