118th Congress · SENATE BILLBILL

S. 2773 — Ban Congressional Stock Trading Act

“A bill to amend chapter 131 of title 5, United States Code, to require Members of Congress and their spouses and dependent children to place certain assets into blind trusts, and for other purposes.”

Congress

Introduced Sep 12, 2023

Last action Sep 12, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 12, 2023

Step 2

Referred

Sep 12, 2023

Homeland Security and Governmental Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member, the Member's spouse, or a Member's dependent who is less than 19 years old. This requirement applies for the entire period of a Member's service in Congress and for 180 days after that service ceases. A Member of Congress who does not comply with the bill's requirements is subject to a fine equal to the Member's monthly congressional salary. The fine must be assessed 30 days after notice of the violation is issued and at least every subsequent 30 days.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 12, 2023

Introduced in Senate

Sep 12, 2023

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.