HR6842-118

Introduced

To amend chapter 131 of title 5, United States Code, and the STOCK Act to require certain senior officials to report payments received from the Federal Government, to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very senior employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes.

118th Congress Introduced Dec 15, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend chapter 131 of title 5, United States Code, and the STOCK Act to require certain senior officials to report payments received from the Federal Government, to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very senior employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Technology.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H3592F99CDCC84292BF05896103891800: 1. Short title This Act may be cited as the STOCK Act 2.0.
  • Section H608D465BCD744C958328D99382418368: 2. Reporting of applications for, or receipt of, payments from Federal Government Section 13103 of title 5, United States Code, is amended by adding at the end...
  • Section H7A7A07987A9D4948A8AE8EA807052C97: 3. Inclusion of Federal Reserve officials Notwithstanding any other provision of law, each provision of law described in subsection (b) shall apply to a...
  • Section HE24B7622382D4EB08C076E25CEB0573A: 4. Penalty for noncompliance Section 13106(a)(2)(B)(II) of title 5, United States Code, is amended by striking fined under title 18 and inserting fined $1000...
  • Section H46999C8AC1DA41B3B8A0A905EC688113: 5. Banning conflicted interests Chapter 131 of title 5, United States Code, is amended by adding at the end the following: IVBanning conflicted...

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

This bill, To amend chapter 131 of title 5, United States Code, and the STOCK Act to require certain senior officials to report payments received from the Federal Government, to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very senior employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Government Operations, Technology

Primary Purpose

This bill, To amend chapter 131 of title 5, United States Code, and the STOCK Act to require certain senior officials to report payments received from the Federal Government, to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very senior employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Government Operations Technology

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

Introduced
Introduced Committee Passed
Dec 15, 2023

Ms. Porter introduced the following bill; which was referred to …

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?

Domains
Finance Government Operations Technology
Actor Mappings
"secretary_of_treasury"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

4 terms
"dependent child" §H46999C8AC1DA41B3B8A0A905EC688113

any individual who is— under the age of 19

"covered payment" §H608D465BCD744C958328D99382418368

a payment of money or any other item of value made, or promised to be made, by the Federal Government. The term covered payment includes— a loan agreement, contract, or grant made, or promised to be made, by the Federal Government

"dependent child" §HF8E1D4B8AEFB43308DEE53D1D4A7E403

any individual who is— under the age of 19

"dependent child" §HFD72D117428C4A60B5C94695C7E4742B

any individual who is— under the age of 19

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.

Learn more about our methodology