# 119-hr-3388: Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

119-hr-3388, Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, is a 119th Congress bill sponsored by Rep. Alford, Mark [R-MO-4] (R-MO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3388
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3388
- Congress: 119
- Title: Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act
- Status: introduced
- Introduced: 2025-05-14
- Sponsor: Rep. Alford, Mark [R-MO-4] (R-MO)
- Cosponsors: 1
- Policy area: Congress
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Banning insider trading by Members of Congress.** This bill would bar Members and their spouses from holding, purchasing, or selling most stocks, security futures, commodities, and similar synthetic instruments while the Member serves. - Members and families: Members and their spouses would have to divest covered financial instruments during the Member's term. Current Members would be allowed to complete sales within 180 days after enactment and new Members would have 180 days after the start of their first term to sell. - Enforcement and penalties: The House and Senate ethics committees would enforce the ban, require annual certifications, and could order disgorgement of profits. They could also assess civil fines equal to 10 percent of the value of each nondivested instrument and apply penalties every 30 days after notice. - Transparency and oversight: Certifications and fines would be published on public websites. The Government Accountability Office would audit compliance and report to the ethics committees within two years.

## Cosponsors (1)

- Rep. Steube, W. Gregory [R-FL-17] (R-FL), 2025-05-15T00:00:00.000Z

## Provisions PRIA read

- Fines and audits for Members' investing: cost, low. If enacted, a Member who breaks the ban would have to give any profit from the trade to the U.S. Treasury. Ethics committees could fine the Member after written notice and a chance to be heard and to fix the issue. Fines could start 30 days after notice and at least every 30 days while the Member s…
- Members banned from owning most investments: cost, low. This bill would bar Members of Congress and their spouses from holding, buying, or selling most investments while the Member serves. The ban would cover stocks, most bonds, commodities, and similar bets made through options, warrants, or other derivatives. It would still allow diversified mutual fu…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-6766: Essential Caregivers Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-5483: Chloe Cole Act

## Sources
- [119-hr-3388 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3388)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-6766: Essential Caregivers Act of 2025](https://policyrisk.com/legislation/119-hr-6766)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-5483: Chloe Cole Act](https://policyrisk.com/legislation/119-hr-5483)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3388 (as of 2026-04-21).