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Congress·In Committee·H.Res. 725

Rep. Luna Introduces Resolution to Ban Members of Congress and Their Families From Trading Stocks

Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.

4 months ago·View on Congress.gov

Legislative Progress

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Key Points

  • This resolution would bring H.R. 1908 to the House floor for a vote. Known as the Restore Trust in Congress Act, it would ban Members of Congress, their spouses, and dependent children from owning or trading individual stocks, commodities, futures, and derivatives.

    From policy text

    “no covered individual may, directly or indirectly, own or trade a covered investment.”
    View in full text
  • Current members would have 180 days to sell off their covered investments, while newly elected members would get 90 days. They can apply for certificates of divestiture that allow them to defer capital gains taxes on forced sales, similar to what executive branch officials use.

    From policy text

    “180 days for an individual who is a covered individual on the date of enactment of the Restore Trust in Congress Act.”
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  • Members could still invest in diversified, publicly traded funds (like index funds and ETFs), U.S. Treasury bonds, state and municipal bonds, and keep interests in small businesses or personal real estate LLCs. Spouses and children working in finance could still trade stocks as part of their jobs.

    From policy text

    “a widely held investment fund described in section 13104(f)(8) that is diversified and publicly traded on a national or regional stock exchange”
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  • Violators would face a penalty of 10% of the investment's value and must give up any profits from illegal trades. These fines cannot be paid with office budgets or campaign donations — members must pay out of pocket.
  • All fines, the reasons behind them, and their outcomes would be posted publicly online, creating a transparency mechanism so voters can see which lawmakers break the rules.
Economy FinanceCivil Rights

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Milestones

1 milestone3 actions
Dec 2, 2025House

Motion to Discharge Committee filed by Mrs. Luna. Petition No: 119-11. (<a href="https://clerk.house.gov/DischargePetition/2025120211">Discharge petition</a> text with signatures.)

Sep 16, 2025House

Referred to the House Committee on Rules.

Sep 16, 2025

Submitted in House

Related Bills

1 bill
H.R. 5106Related bill

Restore Trust in Congress Act

Sep 3 — Referred to the House Committee on House Administration.

Source Information

Document Type

Congressional Bill

Official Title

Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.

Bill NumberHRES 725
Congress119th Congress
ChamberHouse of Representatives
Latest ActionMotion to Discharge Committee filed by Mrs. Luna. Petition No: 119-11. (<a href="https://clerk.house.gov/DischargePetition/2025120211">Discharge petition</a> text with signatures.)

Sponsor

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