To amend the Ethics in Government Act of 1978 to prohibit transactions involving certain financial instruments by Members of Congress.
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
The bill requires banning insider trading in Congress The Ethics in Government Act of 1978 (5 U.S.C, defines definitions In this title: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C, and requires prohibition on certain transactions and holdings involving covered financial instruments Except as provided in subsection (b), a Member of Congress, or any spouse of a Member of Congress, may not, during. It relies on compliance mandates, reporting requirements, definition changes, and tax rate changes. The main policy areas are Financial Services and Finance.
Who Benefits and How
Financial services firms and customers affected by the bill could face lower compliance burdens, Public beneficiaries or protected communities affected by the clause could face reduced risk, and Lobbyists, political organizations, and disclosure 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, Financial services firms and customers 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
- Requires banning insider trading in Congress The Ethics in Government Act of 1978 (5 U.S.C.
- Defines definitions In this title: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C.
- Requires prohibition on certain transactions and holdings involving covered financial instruments Except as provided in subsection (b), a Member of Congress, or any spouse of a Member of Congress, may not, during...
- Requires certification of compliance Not less frequently than annually, each Member of Congress shall submit to the applicable supervising ethics committee a written certification that the Member of Congress has...
- Requires authority of supervising ethics committees The supervising ethics committees may implement and enforce the requirements of this title, including by— issuing— for Members of Congress— rules governing that...
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 requires banning insider trading in Congress The Ethics in Government Act of 1978 (5 U.S.C, defines definitions In this title: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C, and requires prohibition on certain transactions and holdings involving covered financial instruments Except as provided in subsection (b), a Member of Congress, or any spouse of a Member of Congress, may not, during.
Key Policy Areas
Financial Services, Finance
Primary Purpose
The bill requires banning insider trading in Congress The Ethics in Government Act of 1978 (5 U.S.C, defines definitions In this title: The term covered financial instrument means— any investment in— a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C, and requires prohibition on certain transactions and holdings involving covered financial instruments Except as provided in subsection (b), a Member of Congress, or any spouse of a Member of Congress, may not, during.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Public beneficiaries or protected communities affected by the clause
- Lobbyists, political organizations, and disclosure users 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
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Hawley introduced the following bill; which was read twice …
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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