Bill > HR1908

This bill, known as the "End Congressional Stock Trading Act," aims to prohibit Members of Congress, their spouses, and dependent children from trading or owning individual stocks, bonds, commodities, futures, securities, hedge funds, derivatives, and other complex investment vehicles. The bill provides a timeline for divestment, requiring current members to sell off such assets within 180 days of enactment (with some complex investments allowed up to 5 years), and new members within 90 days of becoming a member. The legislation does allow for exceptions, including ownership of diversified, widely-held investment funds that do not present a conflict of interest, U.S. Treasury securities, government employee retirement plan investments, and small business interests. Members and their families would be subject to civil penalties of up to $100,000 for each violation, which can be pursued by the Attorney General or Special Counsel. The bill also includes provisions for non-recognition of capital gains tax when divesting required assets and mandates that the Senate and House Ethics Committees issue guidance on interpreting the law's terms. Ultimately, the bill seeks to prevent potential conflicts of interest and insider trading by restricting congressional members' personal investment activities.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1908/all-info