118th Congress · HOUSE BILLBILL

H.R. 1138Prohibit Insider Trading Act

To amend title 5, United States Code, to prohibit transactions involving certain financial instruments by Members of Congress and their spouses, and for other purposes.

Congress
Introduced Feb 21, 2023
Last action Feb 21, 2023
Pipeline · Bill → Law
Step 1
Introduced
Feb 21, 2023
Step 2
Referred
Feb 21, 2023
House Admin · Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill prohibits Members of Congress (or their spouses) from holding or trading certain investments (e.g., individual stocks and related financial instruments other than diversified investment funds, investments in the federal retirement savings plan, or U.S. Treasury securities). Generally, the prohibition applies seven days after the first day of a Member's initial term, though for current Members, it applies on the first day of the second session of the 118th Congress. Additionally, the prohibition does not apply to assets held in a qualified blind trust. Any profit stemming from a prohibited holding or transaction must be disgorged to the Treasury and may subject the Member to a civ...

Provisions · 2 sectionsIntroduced in House
Timeline · 3 actions
Feb 21, 2023
Introduced in House
Feb 21, 2023
Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 21, 2023
Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.