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HR 6678 117th Congress House Congress Civil actions and liability Government ethics and transparency, public corruption House Committee on Ethics Members of Congress Securities Senate Select Committee on Ethics

Bipartisan Ban on Congressional Stock Ownership Act of 2022

Introduced: April 27, 2022 Introduced by: Jayapal, Pramila Democratic · Washington 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Feb 9, 2022
Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, House Administration, and 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.
Feb 9, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Bipartisan Ban on Congressional Stock Ownership Act of 2022

This bill prohibits Members of Congress and their spouses from owning or trading stocks, bonds, commodities, futures, or any other form of security. Each current Member must divest within 180 days after the bill is enacted and each new Member must divest within 180 days after becoming a Member. However, Members and their spouses have 5 years to divest from specified complex investment vehicles. The bill does not apply to certain investments, such as investments in widely held investment funds that are diversified and do not present a conflict of interest and investments held in government employee retirement plans.

A Member or spouse who violates the bill may be subject to a fine of up to $50,000 for each violation. The bill permits a Member or spouse who is required to divest property under the bill to avoid recognizing gain for income tax purposes from the sale of that property to the extent that the Member or spouse purchases permitted bonds or diversified investment funds within 60 days of the divestiture.

What's happening now February 24, 2022

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

 Related & companion bills 1
  • S 3631 Identical bill Bipartisan Ban on Congressional Stock Ownership Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 15
All 15 Democratic 9
D
Tonko, Paul
New York · Jul 29, 2022
Napolitano, Grace
· Jun 8, 2022
Kahele, Kaiali'i
· Apr 27, 2022
 D
McCollum, Betty
Minnesota · Apr 14, 2022
 D
Nadler, Jerrold
New York · Apr 14, 2022
Jones, Mondaire
· Apr 5, 2022
 D
Norton, Eleanor Holmes
District of Columbia · Mar 30, 2022
 D
DeLauro, Rosa L.
Connecticut · Mar 28, 2022
Newman, Marie
· Mar 28, 2022
 D
Auchincloss, Jake
Massachusetts · Mar 21, 2022
 D
Takano, Mark
California · Mar 16, 2022
 D
García, Jesús G. "Chuy"
Illinois · Mar 7, 2022
Porter, Katie
· Feb 25, 2022
 D
Kim, Andy
New Jersey · Feb 15, 2022
Rosendale, Matthew
· Feb 9, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6678: Bipartisan Ban on Congressional Stock Ownership Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-6678/
MLA
"H.R. 6678: Bipartisan Ban on Congressional Stock Ownership Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-6678/.
Bluebook (legal)
H.R. 6678, 117th Cong. (2026), https://openamerica.io/bill/117-HR-6678/.
Markdown link
[H.R. 6678: Bipartisan Ban on Congressional Stock Ownership Act of 2022](https://openamerica.io/bill/117-HR-6678/)
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