Members of Congress and close family could no longer own or trade most individual stocks and similar assets. They would have to sell banned holdings, file yearly compliance forms, and face fines for breaking the rules.
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Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes. is a House bill in committee. The latest recorded action: Referred to the House Committee on Rules.
Latest action on H.Res. 665: Referred to the House Committee on Rules.
Who this affects: This bill mainly affects members of Congress and their immediate families. It would change how they save, invest, sell assets, and report compliance. It also affects ethics officials, the House Clerk, the Senate Secretary, the Treasury Department, and voters who want to see whether lawmakers follow the rules.
Why this matters: This bill matters because lawmakers can make decisions that affect companies and industries while also owning investments tied to them. The bill tries to reduce that conflict by moving members and close family out of most individual holdings. It could make Congress look more transparent, but it could also create major money and planning issues for families with complex portfolios.
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