Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act
Senate Committee Advances PELOSI Act to Bar Members of Congress and Spouses From Trading Stocks
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Would bar Members of Congress and their spouses from owning, buying, or selling most individual stocks and similar investments while the member is in office.
- Allows broad, hands-off investments like diversified mutual funds, diversified exchange-traded funds, and U.S. Treasury bonds, plus a spouse or child’s regular job pay.
- Gives current and new Members of Congress 180 days to sell covered investments and come into compliance.
- If a member breaks the rule, profits would have to be paid back to the U.S. Treasury, and Congress ethics committees could issue fines.
- Requires yearly written compliance statements that would be posted online, and calls for a Government Accountability Office audit within 2 years.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Placed on Senate Legislative Calendar under General Orders. Calendar No. 294.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Paul with an amendment in the nature of a substitute. Without written report.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee on Homeland Security and Governmental Affairs. Reported by Senator Paul with an amendment in the nature of a substitute. Without written report.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
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
Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act
Sponsor
Cosponsors
(4)Political Response
Analysis generated by AI. Always verify with official sources.