No Getting Rich in Congress Act
Rep. Stevens Introduces Bill to Ban Stock Trading and Corporate Board Service for Congress and Spouses
Legislative Progress
Key Points
Impact Analysis
Personal Impact
Life & Work
Spouses of Members of Congress who own or run small businesses involving government advocacy or consulting could face significant new compliance burdens. They would need to register and file detailed quarterly reports of any covered advocacy activities. Spouses serving on for-profit corporate boards would be barred from continuing that service beyond their current term. This could deter qualified individuals married to lawmakers from pursuing certain business roles.
“the spouse shall disclose any covered advocacy activities during such quarterly period”
Activities
Milestones
Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
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.
Related News
5 articlesGroup of House Democrats introduce new stock trading bill
A group of House Democrats introduced the 'No Getting Rich in Congress Act' to ban the president, vice president, members of Congress, and their families from trading individual stocks and crypto, while also imposing a lifetime lobbying ban for former officials representing foreign adversaries.
Representative Tran Introduces No Getting Rich in Congress Act to Combat Corruption, Restore Trust in Government
U.S. Representative Derek Tran joined colleagues to introduce the No Getting Rich in Congress Act. The bill establishes enforceable standards to prevent public officials from profiting from conflicts of interest, including a ban on stock trading and a lifetime ban on lobbying for foreign adversaries.
Congressional Stock Trading Ban Backed by Trump Is Full of Loopholes
The 'No Getting Rich in Congress Act' is presented as a stricter alternative to other proposals, as it would forbid stock trading for both the legislative and executive branches, including the president, and close loopholes that allow lawmakers to profit from their positions.
Source Information
Document Type
Congressional Bill
Official Title
No Getting Rich in Congress Act
Data Sources
Sponsor
Cosponsors
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