No Getting Rich in Congress Act

Key Points

• Members of Congress, the President, Vice President, candidates, and their spouses and dependents would be banned from buying or selling individual stocks, crypto, commodities, and other covered investments unless placed in a qualified blind trust. Safe havens like diversified index funds, Treasury bonds, and state/municipal bonds are exempt.
• Lawmakers and their spouses would be barred from serving on the boards of for-profit companies. Spouses already on a board could finish their current term but could not seek a new officer position or renew for another term while their partner serves in Congress.
• Former Members of Congress and Senate-confirmed officials would face a lifetime ban on lobbying for foreign countries of concern, including China, Russia, North Korea, and Iran. Violations would carry criminal penalties.
• Spouses of senior federal officials — including lawmakers and Senate-confirmed appointees — would be required to register and file quarterly reports disclosing any advocacy work they do to influence the government, closing a major lobbying loophole.
• Violators of the stock trading ban must forfeit all profits and could face penalties up to three times the value of the investment. They cannot use campaign funds, taxpayer-funded office budgets, or political donations to pay the fines.