Bill > HR3635

This bill prohibits Members of Congress from conducting certain financial transactions that directly or indirectly benefit foreign adversaries, which are specifically defined as China (including Hong Kong), Cuba, Iran, North Korea, Russia, and Venezuela under the Maduro regime. A "covered financial transaction" is broadly defined and includes gifts, loans, investments in securities or commodities, and economic interests acquired through derivatives or similar financial instruments. If a Member of Congress violates this prohibition, they could face civil penalties enforced by the Attorney General, with escalating fines for repeated violations: $5,000 for a first violation, $10,000 for a second violation, and $15,000 for subsequent violations. The bill defines a "Member of Congress" as Senators, Representatives, Delegates, and Resident Commissioners, and aims to prevent potential conflicts of interest or financial entanglements between U.S. legislators and countries considered adversarial to U.S. interests. The legislation is intended to enhance national security by restricting financial interactions between congressional members and specified foreign governments.

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https://www.congress.gov/bill/119th-congress/house-bill/3635/all-info