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S 3504 117th Congress Senate Congress

Banning Insider Trading in Congress Act

Introduced: January 13, 2022 Introduced by: Hawley, Josh Republican · Missouri See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 13, 2022
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Jan 13, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

Banning Insider Trading in Congress Act

This bill prohibits a member of Congress or spouse of a member of Congress 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 of Congress to a civil fine. The bill also requires each member of Congress 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 of Congress 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 13, 2022

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

 Committees of jurisdiction 1