Legislation1w ago
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To authorize implementation grants to community-based nonprofits to operate one-stop reentry centers.
HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
HRES665119th CongressWALLET
Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.
Sponsored By: Representative Luna
Introduced
Summary
A broad ban on Members' personal stock trading and ownership. This bill would bar Members of Congress and their spouses and dependent children from owning or trading stocks, bonds, derivatives, futures, and interests in hedge funds or similar private investment vehicles. It would pair strict divestment windows with limited exceptions, civil penalties, tax rules for divestment proceeds, and public annual compliance checks.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Tax break for required divestitures
If adopted, a Member of Congress (or the Member's spouse or dependent child) who must sell covered assets could avoid immediate tax on gains if they buy allowed property within 60 days. The congressional ethics committee could be added as an approving body for the divestiture certificate. The nonrecognition rule would apply only to sales after enactment and would not delay tax on any later sale of the replacement property.
Penalties and audits for Members
If adopted, the Attorney General or Special Counsel could sue a Member, spouse, or dependent child for violating the ban. A court could order up to $100,000 per violation or 10 percent of the value of the securities involved, whichever is greater, per occurrence. Members would have to certify compliance each session (60 days after the session starts, or 180 days for the first session after enactment). The Clerk or Secretary of the Senate would publish certifications and send them to Treasury, which could audit. Members could not use their office allowance or certain campaign funds to pay fines. The House and Senate ethics committees would issue guidance on unclear terms.
New ban on congressional stock ownership
If adopted, Members of Congress and their spouses and dependent children would not be allowed to own or trade stocks, bonds, futures, or similar securities. You would get 180 days after enactment to sell banned holdings. Holdings in private funds like hedge funds or venture capital could have up to 2 years to sell. Some items would be allowed, including diversified widely held funds, certain Alaska Native shares, U.S. Treasury securities, government retirement plan funds, some small business interests that do not present a conflict, and qualified blind trusts. A spouse could trade covered assets only when the asset is not owned by the Member or spouse and the spouse is trading as part of their primary job.
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Sponsors & CoSponsors
Sponsor
Luna
FL • R
Cosponsors
Crane
AZ • R
Sponsored 9/3/2025
Roll Call Votes
No roll call votes available for this bill.
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