118th Congress Congress
H.R. 2678: Ending Trading and Holdings in Congressional Stocks (ETHICS) Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill generally prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, Treasury securities, or other specified holdings. Violations of this prohibition are subject to specified civil penalties.
Members must certify their compliance with the provisions of the bill, and the applicable House or Senate ethics office must make the certifications and related information (e.g., trust agreements; descriptions of assets held in trusts; and federal loans, grants, or related benefits that the Member received) available online.
Additionally, the bill restricts certain communications between trustees and beneficiaries related to investments held in qualified blind trusts. Violations of the restriction are subject to specified civil penalties.
Read the full summary
Further, the bill imposes penalties for failing to comply with existing financial disclosure requirements and requires electronic filing of those disclosures in a searchable format.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Michael Cloud R-TXOriginal
- Joe Neguse D-COOriginal
- Alexandria Ocasio-Cortez D-NYOriginal
- Eleanor Norton D-DC
- Brian Fitzpatrick R-PA
- Seth Magaziner D-RI
- Mark Pocan D-WI
- Ro Khanna D-CA
- Jennifer Kiggans R-VA
- Michael Lawler R-NY
- Paul Tonko D-NY
- John Joyce R-PA
Who scored on this bill
- 1Raja Krishnamoorthi SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Raja Krishnamoorthi
History
- Introduced in the House by Raja Krishnamoorthi.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, 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.