H.R. 3779

119th CONGRESS 1st Session

To amend of title 5, United States Code, and the STOCK Act to require certain senior officials to report payments received from the Federal Government, to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very senior employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · June 5, 2025 · Sponsor: Mr. Min

Subchapter IV—BANNING CONFLICTED INTERESTS

H.R. 3779

13161. Definitions.

In this subchapter:

The term commodity has the meaning given the term in section 1a of the Commodity Exchange Act (). 7 U.S.C. 1a
The term covered individual means—
The term dependent child means any individual who is—
The term future means—
The term , with respect to a covered individual, has the meaning given the term in section 13101 with respect to that covered individual. supervising ethics office

13162. Prohibitions.

(a) Transactions
- Except as provided in section 13163, no covered individual may—
  - hold, purchase, sell, or conduct any type of transaction with respect to a covered financial interest; or
  - enter into a transaction that creates a net short position in any security.
(b) Positions
- A covered individual may not serve as an officer or member of any board of any for-profit association, corporation, or other entity.
(c) Cooling-Off period
- Any individual subject to the restrictions contained in subsection (a) who, within 120 days after such individual ceases to be a covered individual, engages in any of the actions under such subsection, shall be in violation of this subchapter.

13163. Divestiture.

(a) Covered financial interests acquired prior to Federal service or enactment of stock act 2.0
- With respect to any covered financial interest held by a covered individual, the covered individual shall sell the covered financial interest during the applicable 120-day period beginning on the later of—
  - the date on which an individual becomes a covered individual; or
  - the date of enactment of STOCK Act 2.0.
(b) Covered financial interests acquired through inheritance after the applicable period
- (1) In general
  - A covered individual who inherits a covered financial interest after the conclusion of the applicable 120-day period described in subsection (a) shall sell the covered financial interest during the 120-day period beginning on the date on which the covered financial interest is inherited.
- (2) Extensions
  - A covered individual may request, and the supervising ethics office may grant, 1 or more reasonable extensions of the period described under paragraph (1), subject to the conditions that—
    - the total period of time covered by all extensions granted for the covered financial interest shall not exceed 150 days; and
    - the period covered by a single extension shall be not longer than 45 days.

13164. Certificate of compliance.

Each covered individual shall submit to the supervising ethics office a written certification that such covered individual has achieved compliance with the requirements of this subchapter.

13165. Publication.

Each supervising ethics office shall make publicly available on a website of such office the following:

Within 30 days of receipt, each request for an extension under section 13163(b)(2).
The outcome of the decision to grant or deny each such request within 30 days of such decision.

13166. Enforcement.

A covered individual who fails to comply with this subchapter shall be assessed a fine by the supervising ethics office of not less than 10 percent of the value of the covered financial interest that was purchased, sold, or held, or the security in which a net short position was created, in violation of this title, as applicable.

13167. Applicability.

This subchapter shall apply to any covered financial interest held in any trust with respect to which the covered individual is a beneficial owner, regardless of whether the trust is a qualified blind trust.