Sponsors (15)
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Bans Members of Congress, their spouses, and dependent children from holding or trading most investments connected to defense contractors and the defense industrial base, and requires them to sell those assets on set timelines. It identifies specific exceptions and establishes civil penalties for violations.
It also updates tax rules to address required divestments and directs congressional ethics committees to issue guidance so covered individuals understand what is prohibited, what qualifies for exceptions, and how to comply.
Referred to the Committee on Financial Services, and in addition to the Committees on House Administration, Ways and Means, and 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.
Introduced February 27, 2025 by Rashida Tlaib · Last progress February 27, 2025