No Stock Act

# No Stock Act Summary **What It Would Do:** The No Stock Act would prohibit members of Congress and their immediate families from buying and selling individual stocks while serving in office. Instead, lawmakers would be required to divest from individual stocks or place them in blind trusts (accounts managed by an independent third party without the owner's knowledge of specific holdings). The bill aims to prevent conflicts of interest by eliminating opportunities for Congress members to profit from stocks based on non-public information they learn through their work. **Who It Affects:** This legislation directly affects current and future members of Congress, as well as their spouses and dependent children.

Indirectly, it could affect investment firms and financial advisors who currently manage congressional stock portfolios. The bill does not restrict investments in diversified funds like mutual funds or index funds—only individual company stocks. **Current Status:** The bill is currently in committee, meaning it has been introduced but has not yet been debated or voted on by the full Senate. It has not advanced to a floor vote as of this summary.