PRIA Logo™
HR7852119th CongressWALLET

No Getting Rich in Congress Act

Sponsored By: Representative Stevens, Haley M. [D-MI-11]

Introduced

Summary

Limits on trading and ownership of covered investments for Members of Congress, the President, the Vice President, candidates, and certain family members, enforced through qualified blind trusts and civil penalties. The bill also adds quarterly disclosure rules, expanded spouse lobbying and gift reporting, limits on board service, and lifetime bans on lobbying for certain foreign governments.

Show full summary
  • Covered officials must hold most digital assets, securities, commodities, futures, and similar interests in a qualified blind trust and file quarterly reports identifying investments and related client issues. Penalties for Members, the President, and the Vice President require repayment of profits plus, where applicable, up to three times the investment's value, with similar civil penalties for candidates and other covered individuals.
  • Spouses and dependent children face new disclosure and registration rules and expanded gift reporting. A narrow occupational exception allows a spouse or dependent to trade only if the asset is not owned by the covered individual and the trade is in the normal course of the spouse or dependent's primary job.
  • The bill creates post‑employment limits and public‑interest rules. It imposes a lifetime ban on lobbying for specified "foreign countries of concern" such as China, North Korea, Russia, and Iran, bars Members and their spouses from serving as officers or members of for‑profit boards with a transitional carve‑out for existing service, and aligns enforcement and public disclosures with existing ethics offices.

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

4 provisions identified: 0 benefits, 4 costs, 0 mixed.

New spouse lobbying and gift rules

This bill would make many spouses of covered officials register with the House Clerk and Senate Secretary and file quarterly electronic reports about covered advocacy activities. Current spouses would have to register within 45 days after guidance is issued; new spouses must register within 45 days after the official begins service. Reports would be due within 20 days after each quarter and must name clients, list issues and bill numbers, list Houses and agencies contacted, note foreign-entity interests, and estimate expenses. The House and Senate would expand gift-disclosure rules to cover spouses in many cases. The Clerk and Secretary must issue guidance within 180 days and may refer nonresponsive spouses to the U.S. Attorney after 60 days. Knowing failures to comply could bring civil fines up to $200,000 and criminal penalties up to 5 years in prison.

Tighter investment limits for officials

This bill would stop covered officials and their spouses or dependent children from buying or selling many assets unless those assets are in a qualified blind trust. Covered investments would include digital assets, securities, commodities, futures, and similar instruments, but would exclude widely held diversified funds, U.S. Treasury securities, and State or municipal bonds. Covered individuals would have to file quarterly reports to their supervising ethics office to show compliance. Violations could force payment of any profits and, in some cases, the ethics office could require up to three times the value of the investment to be paid to the U.S. Treasury. The bill would also bar using office allowances or campaign contributions to pay those penalties and require ethics offices to publish violation findings online.

Ban on Members' and spouses' board pay

This bill would bar Members of Congress and their spouses from serving as officers or board members of for-profit companies going forward. Spouses who were on boards before enactment or before the Member took office could finish that existing term but could not seek officer roles or new terms while the Member remains in office. Any spouse who continues under the grandfather rule would have to file quarterly public reports about their service and any lobbying by the entity.

Lifetime ban on certain foreign lobbying

This bill would make it a crime for some former Members and certain former Presidential appointees to knowingly represent, aid, or advise specified foreign 'countries of concern' to influence U.S. officials. The bill names China, North Korea, Russia, and Iran as initial countries of concern. The Secretary of State could add more countries. Violations would be punished under existing criminal law.

Sponsors & CoSponsors

Sponsor

Stevens, Haley M. [D-MI-11]

MI • D

Cosponsors

  • Rep. Tran, Derek [D-CA-45]

    CA • D

    Sponsored 3/5/2026

  • Rep. Salinas, Andrea [D-OR-6]

    OR • D

    Sponsored 3/5/2026

  • Rep. Sorensen, Eric [D-IL-17]

    IL • D

    Sponsored 3/5/2026

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 3/5/2026

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 3/5/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation