Top officials and close family members could no longer trade many individual investments on their own. The bill also adds public reporting, penalties, foreign-lobbying limits, and new rules for spouses’ paid advocacy, board jobs, gifts, and travel.
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No Getting Rich in Congress Act is a House bill in committee. The latest recorded action: Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest action on H.R. 7852: Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who this affects: This bill mainly affects Members of Congress, the President, the Vice President, certain federal candidates, Senate-confirmed officials, and their spouses and dependent children. It also affects former Members and former Senate-confirmed officials who want to advise or lobby for certain foreign governments. Spouses who do paid advocacy work, sit on corporate boards, receive gifts, or take paid travel would face new reporting or limits.
Why this matters: This bill matters because public officials can make decisions that affect markets, companies, and foreign policy. If they or close family members profit from those decisions, the public may doubt whose interests they serve. The bill tries to separate public power from private money by limiting trades, board jobs, gifts, and certain lobbying. Its real effect would depend on how many people are covered and how strongly the rules are enforced.
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