𝙏𝙝𝙚 𝙐.𝙎. 𝙃𝙤𝙪𝙨𝙚 𝙝𝙖𝙨 𝙤𝙛𝙛𝙞𝙘𝙞𝙖𝙡𝙡𝙮 𝙥𝙖𝙨𝙨𝙚𝙙 𝙩𝙝𝙚 𝙎𝙩𝙤𝙥 𝙄𝙣𝙨𝙞𝙙𝙚𝙧 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝘼𝙘𝙩, 𝙗𝙖𝙣𝙣𝙞𝙣𝙜 𝘾𝙤𝙣𝙜𝙧𝙚𝙨𝙨 𝙛𝙧𝙤𝙢 𝙗𝙪𝙮𝙞𝙣𝙜 𝙨𝙩𝙤𝙘𝙠𝙨, 𝙞𝙣 𝙖 232 𝙩𝙤 198 𝙫𝙤𝙩𝙚.
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Under the bill:
- Members of Congress, their spouses, and dependent children would be banned from purchasing publicly traded stocks while in office.
- Lawmakers must publicly disclose any planned stock sale 7 to 14 days in advance.
- Violations carry a fine of $2,000 or 10% of the transaction value, whichever is greater, plus forfeiture of any gains.
- The bill does NOT require divestiture. Members can keep every share they currently own.
- No member of Congress has ever been prosecuted under the existing 14-year-old STOCK Act despite repeated violations.
© Coin Bureau
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Under the bill:
- Members of Congress, their spouses, and dependent children would be banned from purchasing publicly traded stocks while in office.
- Lawmakers must publicly disclose any planned stock sale 7 to 14 days in advance.
- Violations carry a fine of $2,000 or 10% of the transaction value, whichever is greater, plus forfeiture of any gains.
- The bill does NOT require divestiture. Members can keep every share they currently own.
- No member of Congress has ever been prosecuted under the existing 14-year-old STOCK Act despite repeated violations.
© Coin Bureau