To amend title 5, United States Code, to restrict trading and ownership of certain financial instruments by Members of Congress and their spouses and dependents, and for other purposes.
Summary
What This Bill Does
The bill provides prohibition of congressional ownership of financial investments Chapter 131 of title 5, United States Code, is amended by adding at the end the following: IVProhibition on Congressional Ownership of Financial, defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C, and requires limitation on owning or trading certain assets Except as provided in this section, no covered individual may own or trade a covered financial instrument. It relies on compliance mandates, definition changes, appropriations, and tax rate changes. The main policy areas are Finance, Environmental Groups, and Environment.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Financial services firms and customers affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Lobbyists, political organizations, and disclosure users affected by the bill would take on compliance duties.
Key Provisions
- Provides prohibition of congressional ownership of financial investments Chapter 131 of title 5, United States Code, is amended by adding at the end the following: IVProhibition on Congressional Ownership of Financial...
- Defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C.
- Requires limitation on owning or trading certain assets Except as provided in this section, no covered individual may own or trade a covered financial instrument.
- Provides enforcement The supervising ethics office shall refer to the Attorney General the name of any covered individual who such office has reasonable cause to believe has willfully failed to comply with...
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 provides prohibition of congressional ownership of financial investments Chapter 131 of title 5, United States Code, is amended by adding at the end the following: IVProhibition on Congressional Ownership of Financial, defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C, and requires limitation on owning or trading certain assets Except as provided in this section, no covered individual may own or trade a covered financial instrument.
Key Policy Areas
Finance, Environmental Groups, Environment
Primary Purpose
The bill provides prohibition of congressional ownership of financial investments Chapter 131 of title 5, United States Code, is amended by adding at the end the following: IVProhibition on Congressional Ownership of Financial, defines definitions In this subchapter: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C, and requires limitation on owning or trading certain assets Except as provided in this section, no covered individual may own or trade a covered financial instrument.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Lobbyists, political organizations, and disclosure users affected by the bill
- Businesses and employers affected by the bill
- Environmental and public health interests affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Fitzpatrick (for himself, Ms. Ocasio-Cortez, Mr. Gaetz, 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?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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