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HR 6490 117th Congress House Congress

Banning Insider Trading in Congress Act

Introduced: January 25, 2022 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2022
Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, 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.
Jan 25, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Banning Insider Trading in Congress Act

This bill prohibits a Member of Congress or spouse of a Member from holding, purchasing, or selling certain investments. Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the Member to a civil fine. A loss from a transaction or holding involving a covered financial instrument that is conducted in violation of this bill may not be deducted from the amount of income tax owed by the applicable Member or spouse.

The bill also requires each Member to submit an annual certification of compliance and requires the Government Accountability Office to conduct a compliance audit.

The prohibition does not apply to assets held in a qualified blind trust or to a sale by a Member or spouse within 180 days after the bill is enacted or within 180 days after the Member commences service, for any Member who commences service after the bill is enacted.

What's happening now January 25, 2022

Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, 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.

 Related & companion bills 1
  • S 3504 Related bill Banning Insider Trading in Congress Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 1
R
Smith, Christopher H.
New Jersey · Feb 15, 2022
Stewart, Chris
· Feb 15, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6490: Banning Insider Trading in Congress Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-6490/
MLA
"H.R. 6490: Banning Insider Trading in Congress Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-6490/.
Bluebook (legal)
H.R. 6490, 117th Cong. (2026), https://openamerica.io/bill/117-HR-6490/.
Markdown link
[H.R. 6490: Banning Insider Trading in Congress Act](https://openamerica.io/bill/117-HR-6490/)
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