Restore Trust in Congress Act
House Bill Would Force Members of Congress, Families to Sell Individual Stocks Within 180 Days
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Would bar Members of Congress, their spouses, and dependent children from owning or trading most individual stocks and similar investments.
- Current covered investments would have to be sold at fair market value within 180 days after the law takes effect; new Members would have 90 days.
- Some investments would still be allowed, like diversified public funds, U.S. Treasury bonds, and state or local government bonds.
- If a spouse or dependent trades stocks as part of their main job (like working in finance) and the Member doesn’t own it, that trading could still be allowed.
- Violations could trigger a fee equal to 10% of the investment’s value plus giving up any profits, and ethics offices would post fines and reasons online.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Referred to the House Committee on House Administration.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
Congressional stock trade ban remains at the forefront after 20 years
Pete Ricketts introduces legislation banning congressional stock trades
Popular reforms keep dying in Congress -- thanks to the old guard
Pelosi isn't alone -- Congress is a trading floor
Group of House Democrats introduce new stock trading bill
Source Information
Document Type
Congressional Bill
Official Title
Restore Trust in Congress Act
Data Sources
Sponsor
Cosponsors
(125)Political Response
Analysis generated by AI. Always verify with official sources.