To amend the Ethics in Government Act of 1978 to restrict trading and ownership of covered investments by each Federal employee, and for other purposes.
Summary
What This Bill Does
The bill creates restricting trading and ownership of covered investments by federal personnel Section 102(f)(3) of the Ethics in Government Act of 1978 (5 U.S.C, 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 creates ownership of covered investments Except as described in paragraph (2) of subsection (b) or subsections (c) through (h), no covered person may own or trade any covered investment. It relies on compliance mandates, definition changes, grants, and reporting requirements. The main policy areas are Environmental Groups, Finance, Foreign Policy, and Science & Space.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens, Researchers and scientific institutions affected by the bill could gain revenue opportunities, and Regulated entities and members of the public 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 and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Creates restricting trading and ownership of covered investments by federal personnel Section 102(f)(3) of the Ethics in Government Act of 1978 (5 U.S.C.
- 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.
- Creates ownership of covered investments Except as described in paragraph (2) of subsection (b) or subsections (c) through (h), no covered person may own or trade any covered investment.
- Creates penalties for violations of restrictions on trading and ownership of covered investments Any covered person who violates the restrictions on trading or ownership of covered investments in section 202 shall...
- Requires accountability and public disclosure of enforcement measures The head of each agency, each Secretary concerned, the Director of the Office of Government Ethics, each congressional ethics committee, or...
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 restricting trading and ownership of covered investments by federal personnel Section 102(f)(3) of the Ethics in Government Act of 1978 (5 U.S.C, 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 creates ownership of covered investments Except as described in paragraph (2) of subsection (b) or subsections (c) through (h), no covered person may own or trade any covered investment.
Key Policy Areas
Environmental Groups, Finance, Foreign Policy, Science & Space
Primary Purpose
The bill creates restricting trading and ownership of covered investments by federal personnel Section 102(f)(3) of the Ethics in Government Act of 1978 (5 U.S.C, 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 creates ownership of covered investments Except as described in paragraph (2) of subsection (b) or subsections (c) through (h), no covered person may own or trade any covered investment.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Researchers and scientific institutions affected by the bill
- Regulated entities and members of the public affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Legislative Progress
IntroducedMr. Schweikert introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
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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