No Stock Act

This bill would bar Members of Congress, the President, the Vice President, Supreme Court justices, Federal Reserve governors, Federal Reserve bank presidents and vice presidents, and their spouses and dependent children from holding or trading stocks, futures, commodities, and cryptocurrency and other digital assets. Diversified mutual funds, U.S. Treasury bonds, payment stablecoins, and a spouse's pay from their main job would be exempt. Covered people would have 120 days to sell existing holdings, and the ban would continue for 120 days after they leave their positions. They also could not serve on the board of a for-profit company. Those who knowingly break the rules would be fined at least 10 percent of the value of the investment, and the rules would also apply to holdings in blind trusts.

Full text and official record on Congress.gov

Sponsors

• Kirsten E. Gillibrand Democrat sponsor
• 0 cosponsors