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Bans Members of Congress and their spouses and dependent children from owning or trading most stocks, bonds, commodities, futures, and similar securities, and requires them to sell prohibited investments on set timelines. It creates civil penalties up to $100,000 per violation and directs House and Senate ethics committees to clarify key terms.
Allows limited exceptions, including diversified funds, certain Alaska Native settlement shares, U.S. Treasury securities, and some retirement or small‑business interests. It also updates tax rules so that required sales can qualify for nonrecognition of capital gains if the proceeds are reinvested quickly into permitted assets.
Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, House Administration, and Ways and Means, 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.
Introduced March 6, 2025 by Timothy Burchett · Last progress March 6, 2025