Members of Congress and their families could not keep control of most stocks and similar investments while the member serves. They would have to sell them or put them in a blind trust, and missed deadlines could lead to repeated fines.
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Ban Congressional Stock Trading Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Latest action on S. 1879: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Who this affects: This bill mainly affects members of Congress, their spouses, and dependent children. They would have to change how they hold and manage many personal investments while the member is in office. It also affects congressional ethics offices, trustees who manage blind trusts, and voters who want to see whether members follow the rules.
Why this matters: This bill matters because lawmakers can make decisions that affect markets while they or their families may own investments tied to those decisions. The bill would reduce that risk by taking most covered investments out of the member's direct control. It could also make compliance easier for the public to check because ethics offices would post major records online. The bill may create real burdens for members and families with large or complex portfolios, and the bill does not say exactly how much it would change public trust.
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