To amend chapter 131 of title 5, United States Code, to prevent Members of Congress and their spouses and dependent children from trading stocks and owning stocks, and for other purposes.
Summary
What This Bill Does
The bill creates placement of certain assets of Members of Congress and their spouses and dependent children in qualified blind trusts Chapter 131 of title 5, United States Code, is amended by adding at the end the following, defines definitions In this title: The term commodity has the meaning given the term in section 1a of the Commodity Exchange Act (7 U.S.C, and requires trading covered investments Except as provided in subsections (b) and (c)— effective on the date of enactment of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, a Member of Congress shall. It relies on definition changes, compliance mandates, reporting requirements, and appropriations. The main policy areas are Agriculture, Finance, Technology, and Environment.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Financial services firms and customers affected by the bill could gain revenue opportunities, and Telecommunications providers and users affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Regulated entities and members of the public affected by the bill would take on compliance duties, and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates placement of certain assets of Members of Congress and their spouses and dependent children in qualified blind trusts Chapter 131 of title 5, United States Code, is amended by adding at the end the following...
- Defines definitions In this title: The term commodity has the meaning given the term in section 1a of the Commodity Exchange Act (7 U.S.C.
- Requires trading covered investments Except as provided in subsections (b) and (c)— effective on the date of enactment of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, a Member of Congress shall...
- Creates addressing owned covered investments.
- Requires penalty for STOCK Act noncompliance The STOCK Act (Public Law 112–105; 126 Stat.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates placement of certain assets of Members of Congress and their spouses and dependent children in qualified blind trusts Chapter 131 of title 5, United States Code, is amended by adding at the end the following, defines definitions In this title: The term commodity has the meaning given the term in section 1a of the Commodity Exchange Act (7 U.S.C, and requires trading covered investments Except as provided in subsections (b) and (c)— effective on the date of enactment of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, a Member of Congress shall.
Key Policy Areas
Agriculture, Finance, Technology, Environment
Primary Purpose
The bill creates placement of certain assets of Members of Congress and their spouses and dependent children in qualified blind trusts Chapter 131 of title 5, United States Code, is amended by adding at the end the following, defines definitions In this title: The term commodity has the meaning given the term in section 1a of the Commodity Exchange Act (7 U.S.C, and requires trading covered investments Except as provided in subsections (b) and (c)— effective on the date of enactment of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, a Member of Congress shall.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
- Telecommunications providers and users affected by the bill
- Businesses and employers affected by the bill
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Krishnamoorthi (for himself, Mr. Cloud, Ms. Ocasio-Cortez, and Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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