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HR 1138 118th Congress House Congress Commodities markets Family relationships Financial services and investments Government ethics and transparency, public corruption Government information and archives Inflation and prices Members of Congress Securities Wages and earnings

Prohibit Insider Trading Act

Introduced: April 20, 2023 Introduced by: Nunn, Zachary Republican · Iowa See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Feb 21, 2023
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.
Feb 21, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Prohibiting Insider Trading Act

This bill prohibits Members of Congress (or their spouses) from holding or trading certain investments (e.g., individual stocks and related financial instruments other than diversified investment funds, investments in the federal retirement savings plan, or U.S. Treasury securities).

Generally, the prohibition applies seven days after the first day of a Member's initial term, though for current Members, it applies on the first day of the second session of the 118th Congress. Additionally, the prohibition does not apply to assets held in a qualified blind trust.

Any profit stemming from a prohibited holding or transaction must be disgorged to the Treasury and may subject the Member to a civil fine. Additionally, a loss stemming from a prohibited holding or transaction may not be used as an income tax deduction.

Each Member must submit an annual certification of compliance to the supervising ethics office. The office must publish each certification on a public website and periodically audit Members' compliance with the bill's provisions.

What's happening now February 21, 2023

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 2 Republican 2
R
Lawler, Michael
New York · Sep 12, 2023
 R
Langworthy, Nicholas A.
New York · Apr 20, 2023
 D
Perez, Marie Gluesenkamp
Washington · Apr 17, 2023
Jackson, Jeff
· Apr 10, 2023
 D
Stanton, Greg
Arizona · Feb 21, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1138: Prohibit Insider Trading Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1138/
MLA
"H.R. 1138: Prohibit Insider Trading Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1138/.
Bluebook (legal)
H.R. 1138, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1138/.
Markdown link
[H.R. 1138: Prohibit Insider Trading Act](https://openamerica.io/bill/118-HR-1138/)
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