To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.
To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.
Plain Language Summary
# Congressional Stock Trading Ban Bill Summary **What the Bill Would Do:** HR 3182 would prohibit members of Congress and their spouses from buying and selling individual stocks. The bill aims to prevent conflicts of interest by stopping lawmakers from potentially profiting from non-public information they may learn through their work in government or making trading decisions based on legislation they're considering. **Who It Affects:** The primary targets are all current members of Congress (House and Senate members) and their spouses. The restriction would apply to personal stock trading while they serve in office. The bill falls under broader ethics regulations governed by federal law. **Current Status:** HR 3182 is currently in committee, meaning it has been introduced but has not yet advanced to a full vote in the House.
The bill was sponsored by Rep. Robert Bresnahan, a Republican from Pennsylvania. Congress has considered similar stock trading restrictions in recent years, with bipartisan support in some cases, reflecting public concern about whether lawmakers should profit from market investments while having access to insider information through their official duties.
Latest Action
Referred to the House Committee on House Administration.