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No Stock Act (S-2877) · Congress.wiki

Text Versions

Text as it was Introduced in Senate

September 18, 2025

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Pending Committee

September 18, 2025

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

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United StatesSenate Bill 2877S 2877

No Stock Act

Government Operations and Politics

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Introduced September 18, 2025 by Kirsten Gillibrand · Last progress September 18, 2025

AI Summary

Adds a new ethics chapter to title 5 of the U.S. Code to tighten and clarify rules about banned conflicts of interest, changes who can issue an Internal Revenue Service certificate of divestiture, and makes matching edits across several federal laws (including lobbying, STOCK Act, and securities rules) so the statutes align. The changes are mostly technical and procedural: they revise wording in existing laws, set authorities for tax-related divestiture certificates, and update cross-references to reflect the new Title 5 chapter.

Federal employees, ethics offices, tax administrators, lobby registrants, and public companies would see rule and process changes that affect compliance, reporting, and the mechanics of divesting holdings to cure conflicts of interest.