Bans Members of Congress from entering into covered financial transactions that would benefit a foreign adversary or an entity the Member owns or operates while they are serving. The Attorney General can sue violators in federal court and courts must impose civil fines: $5,000 for a first violation, $10,000 for a second, and $15,000 for each subsequent violation. The text also defines key terms including “covered financial transaction,” “foreign adversary,” and “Member of Congress.”
Last progress May 29, 2025 (9 months ago)
Introduced on May 29, 2025 by Thomas Kean
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.