Bill > S439

This bill, the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, aims to prohibit members of Congress from holding, purchasing, or selling certain financial instruments, such as securities, security futures, and commodities. The bill defines "covered financial instruments" and excludes diversified mutual funds, exchange-traded funds, and U.S. Treasury bills, notes, and bonds. Members of Congress and their spouses would be required to sell any covered financial instruments within 180 days of the bill's enactment or the start of their term. Exceptions are made for covered financial instruments held in a qualified blind trust. The bill also requires members of Congress to annually certify their compliance, empowers ethics committees to implement and enforce the requirements, and mandates a Government Accountability Office audit on compliance within two years.

Military Affairs and Security

https://www.congress.gov/bill/118th-congress/senate-bill/439/all-info