PRIA Logo™
119-hr-358119th Congress

No Corruption in Government Act

Sponsored By: Representative Nunn, Zachary [R-IA-3]

Introduced

Summary

This bill would target corruption by making insider trading by Members of Congress illegal and by extending post‑employment lobbying bans and ending automatic pay increases.

Show full summary
  • Would bar Members of Congress and their spouses from holding, buying, or selling covered financial instruments while the Member serves, with exceptions for diversified mutual funds, diversified exchange‑traded funds, the Thrift Savings Plan, U.S. Treasury securities, and qualified blind trusts. Violations require disgorgement of profits to the Treasury, deny tax deductions for related losses, may carry civil fines up to $50,000, and trigger member certifications and ethics audits at least every two years.
  • Would lengthen the post‑employment lobbying cooling‑off period to 3 years for former House Members and 6 years for former Senators, prohibiting communications made with intent to influence Members, officers, or employees on behalf of a third party. Former officers of the House would face a 1‑year restriction.
  • Would repeal the automatic annual cost‑of‑living adjustments to Members' pay.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Longer lobbying ban for ex‑lawmakers

If enacted, former Senators would face a six‑year ban on lobbying Congress after leaving office. Former House members would face a three‑year ban on lobbying Congress. Former elected House officers would face a one‑year ban. These bans would apply only to people who leave their covered office on or after the date of enactment. They would cover paid contacts or appearances meant to influence official action on behalf of others.

Ban on stock trades by Congress

If enacted, Members of Congress and their spouses would be barred from holding, buying, or selling most individual stocks, futures, commodities, or similar derivatives while the Member serves. Diversified mutual funds, diversified ETFs, Thrift Savings Plan funds, and U.S. Treasury bills, notes, and bonds would still be allowed. Assets in a qualified blind trust would be permitted. New Members would have seven days from the first day of their first term before the ban starts. Violations would require giving up profits to the U.S. Treasury, block tax write‑offs for losses, and could trigger civil fines. Each Member would need to certify compliance within seven days after each session starts, and ethics offices would audit at least every two years. The ban would begin on the first day of the second session of the 119th Congress.

Sponsors & CoSponsors

Sponsor

Nunn, Zachary [R-IA-3]

IA • R

Cosponsors

  • Rep. Perez, Marie Gluesenkamp [D-WA-3]

    WA • D

    Sponsored 1/13/2025

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 1/22/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation