The Public Service Accountability Act

This bill would bar Members of Congress, their spouses and dependent children, congressional staff, federal judges and judicial employees, senior executive branch officials, the President, the Vice President, and their spouses and dependent children from owning or trading individual stocks, commodities, futures, and similar investments. Diversified publicly traded funds, U.S. Treasury and state or municipal bonds, small business interests, and certain other holdings would be allowed. Current officials would have 180 days to sell covered investments, and new officials would have 90 days. Violators would pay a fine of 10 percent of the investment's value and give up any profits, and Members of Congress could not use office or campaign funds to pay these penalties. Ethics offices would post each fine and the reason for it on a public website.

Full text and official record on Congress.gov

Sponsors

• Maggie Goodlander Democrat sponsor
• 1 cosponsors