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S 3612 117th Congress Senate Congress

STOCK Act 2.0

Introduced: February 9, 2022 Introduced by: Gillibrand, Kirsten E. Democratic · New York 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
Feb 9, 2022
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Feb 9, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

STOCK Act 2.0

This bill expands restrictions on investment practices and requirements for financial disclosures that apply to specified high-level government officials.

In particular, the bill bars individual stock trading by (1) Members of Congress, (2) the President and Vice President, (3) Supreme Court Justices, (4) governors of the Federal Reserve Board, and (5) presidents and vice presidents of Federal Reserve banks.

Additionally, the bill requires financial disclosures to include loans, contracts, and other benefits (excluding salaries, compensation, or tax refunds) from the federal government. It also requires additional officials, namely judges and senior leaders of Federal Reserve banks, to make the disclosures.

Further, the bill directs supervising ethics agencies to make the disclosures publicly available in formats that are easily searchable, sortable, and downloadable.

What's happening now February 9, 2022

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

 Committees of jurisdiction 1