Contact Congress about H.R. 3388: Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

This bill stops Members of Congress and their spouses from holding most individual stocks, futures, and commodities while in office. Violators face recurring fines and must turn over any profits to the U.S. Treasury. Compliance records and penalties are made public.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act is a House bill in committee. The latest recorded action: Referred to the House Committee on House Administration.

Latest action on H.R. 3388: Referred to the House Committee on House Administration.

Who this affects: This bill directly affects all sitting and future Members of Congress and their spouses. It also touches ethics committees that would enforce the rules, the Government Accountability Office that would audit compliance, and the broader public who would gain new transparency into how their representatives handle their investments.

Why this matters: Members of Congress regularly vote on legislation that can move markets and affect the fortunes of specific companies. This bill aims to eliminate situations where a lawmaker's personal financial interests could conflict with their public duties. By making compliance records and penalties fully public, it gives voters a direct way to hold their representatives accountable.

Key provisions in H.R. 3388

• Bans Members of Congress and their spouses from holding, buying, or selling most individual stocks, security futures, commodities, and similar financial products while the Member is in office.
• Diversified mutual funds, diversified ETFs, and U.S. Treasury bills, notes, and bonds are allowed and not treated as banned investments.
• Current Members get 180 days after the law takes effect, and new Members get 180 days after their first day in office, to sell off banned investments.
• Members must turn over any profits from banned transactions or holdings to the U.S. Treasury.
• Ethics committees can grant extensions on the divestment deadline when Members show a documented good-faith effort to comply.

How Modern Action helps you take action on H.R. 3388

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 3388

What is H.R. 3388?

This bill stops Members of Congress and their spouses from holding most individual stocks, futures, and commodities while in office. Violators face recurring fines and must turn over any profits to the U.S. Treasury. Compliance records and penalties are made public.

How do I support or oppose H.R. 3388?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 3388?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 3388 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.