Bill
Bill > S1171
summary
Introduced
04/17/2023
04/17/2023
In Committee
07/24/2024
07/24/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend chapter 131 of title 5, United States Code, to prevent Members of Congress and their spouses and dependent children from trading stocks and owning stocks, and for other purposes.
AI Summary
This bill, the Ending Trading and Holdings In Congressional Stocks (ETHICS) Act, would prohibit members of Congress, the President, and the Vice President, as well as their spouses and dependent children, from trading or owning stocks, with some exceptions. The bill defines "covered investments" that would be subject to this ban, and requires divestment of existing covered investments within a set timeframe. The bill also provides for tax treatment of such divestitures and imposes civil penalties for noncompliance. The bill further requires electronic filing and online public availability of financial disclosure forms for members of Congress and congressional staff.
Committee Categories
Military Affairs and Security
Sponsors (24)
Jeff Merkley (D)*,
Tammy Baldwin (D),
Richard Blumenthal (D),
Sherrod Brown (D),
Ben Cardin (D),
Bob Casey (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
John Fetterman (D),
Kirsten Gillibrand (D),
Martin Heinrich (D),
Mazie Hirono (D),
Tim Kaine (D),
Angus King (I),
Ben Ray Luján (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Jeanne Shaheen (D),
Debbie Stabenow (D),
Jon Tester (D),
Chris Van Hollen (D),
Elizabeth Warren (D),
Peter Welch (D),
Last Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 729. (on 12/19/2024)
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/118th-congress/senate-bill/1171/all-info |
| BillText | https://www.congress.gov/118/bills/s1171/BILLS-118s1171rs.pdf |
| BillText | https://www.congress.gov/118/bills/s1171/BILLS-118s1171is.pdf |
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