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Ending Trading and Holdings In Congressional Stocks (ETHICS) Act

Introduced: April 17, 2023 Introduced by: Merkley, Jeff Democratic · Oregon See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 19, 2024

Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.

Dec 19, 2024

Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 118-309.

Jul 24, 2024

Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Apr 17, 2023

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

Apr 17, 2023

Introduced in Senate

Plain-English summary Congressional Research Service

Ending Trading and Holdings In Congressional Stocks (ETHICS) Act

This bill generally prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, Treasury securities, or other specified holdings. Violations of this prohibition are subject to specified civil penalties.

Members must certify their compliance with the provisions of the bill, and the applicable House or Senate ethics office must make the certifications and related information (e.g., trust agreements; descriptions of assets held in trusts; and federal loans, grants, or related benefits that the Member received) available online.

Additionally, the bill restricts certain communications between trustees and beneficiaries related to investments held in qualified blind trusts. Violations of the restriction are subject to specified civil penalties.

Further, the bill imposes penalties for failing to comply with existing financial disclosure requirements and requires electronic filing of those disclosures in a searchable format.

What's happening now December 19, 2024

Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.

Committees of jurisdiction 1