S 3494
117th Congress
Senate
Congress
Civil actions and liability
Financial services and investments
Government ethics and transparency, public corruption
Government information and archives
Members of Congress
Securities
Ban Congressional Stock Trading Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2022
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Jan 12, 2022
Introduced in Senate
Plain-English summary
Ban Congressional Stock Trading Act
This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member, the Member's spouse, or a dependent of the Member. This requirement applies for the entire period of a Member's service in Congress and for 180 days after that service ceases.
A Member of Congress who does not comply with the bill's requirements is subject to a fine equal to the Member's monthly congressional salary. The fine must be assessed 30 days after notice of the violation is issued and at least every subsequent 30 days.
What's happening now
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Committees of jurisdiction
1