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Congress·In Committee·S. 3649

Senate Bill Would Ban Members of Congress and Their Families From Trading Individual Stocks

Restore Trust in Congress Act

2 months ago·View on Congress.gov
Part of: Stop Insider Trading Act

Legislative Progress

Senate
House
President
Law

Key Points

  • This bill would stop Members of Congress, their spouses, and their dependent children from owning or trading individual stocks, commodities, or futures. The goal is to prevent lawmakers from using private information to make money or passing laws that benefit their personal investments.
  • Lawmakers who already own these types of investments would have to sell them within 180 days after the law passes. People who are elected to Congress in the future would have 90 days to sell their stocks once they take office.
  • The bill allows some exceptions for common, low-risk investments like diversified mutual funds, U.S. Treasury bonds, and interests in small businesses. Spouses are also allowed to trade stocks if it is a required part of their professional job.
  • If a lawmaker breaks these rules, they must pay a fine equal to 10% of the investment's value and give up any profits they made from the trade. These fines would be paid to the U.S. Treasury and cannot be paid using campaign money or official office funds.
  • To keep things transparent, the government would be required to post a list of all fines and the reasons they were issued on a public website for anyone to see.
EconomyConsumer ProtectionCivil Rights

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Positive Impacts(1)
Small Business Owner
Helps

Small business interests are explicitly exempt from the ban, so lawmakers who own small businesses can keep those investments.

State Impacts

AlaskaAK
Positive

Alaska Native Settlement Common Stock is explicitly exempt from the trading ban, protecting Alaska Native shareholders.

Political Response

Milestones

2 milestones2 actions
Jan 15, 2026Senate

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Jan 15, 2026

Introduced in Senate

What Happens Next

Projected impacts based on AI analysis

Current Members of Congress must sell all individual stocks and covered investments

Lawmakers and their families would have 180 days to sell off stocks, commodities, and futures after the law takes effect.

Newly elected Members of Congress must divest covered investments within 90 days of taking office

Anyone who joins Congress after the law passes would need to sell their individual stocks within about 3 months of being sworn in.

4 Articles

Washington ExaminerCenter Right

Pete Ricketts introduces legislation banning congressional stock trades

Washington ExaminerCenter Right

Pelosi isn't alone -- Congress is a trading floor

NewsCenter

Group of House Democrats introduce new stock trading bill

news_articleCenter

Congress is taking stock of proposed ethics rules

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

Restore Trust in Congress Act

Bill NumberS 3649
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsor

Cosponsors

(2)
D: 1R: 1

Analysis generated by AI. Always verify with official sources.