S. 1171 · 118th Congress
Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MerkleySponsor23 cosponsors · 21 D, 2 I
D
Brown
TB
D
Baldwin
RB
D
Blumenthal
BC
D
Cardin
BC
D
Casey
CC
D
Cortez Masto
TD
D
Duckworth
JF
D
Fetterman
KG
D
Gillibrand
MH
D
Hirono
MH
D
Heinrich
AK
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King
TK
D
Kaine
BL
D
Luján
BS
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Sanders
DS
D
Stabenow
JS
D
Shaheen
JT
D
Tester
CV
D
Van Hollen
PW
D
Welch
BS
D
Schatz
JR
D
Rosen
EW
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Warren20 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
What it does: CRS summary · Introduced in Senate · Apr 17, 2023
Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
This bill generally prohibits Members of Congress (and their spouses and dependents) from purchasing or selling certain investments, such as individual stocks and related financial instruments that are not diversified investment funds, Treasury securities, or other specified holdings. Violations of this prohibition are subject to specified civil penalties.
Members must certify their compliance with the provisions of the bill, and the applicable House or Senate ethics office must make the certifications and related information (e.g., trust agreements; descriptions of assets held in trusts; and federal loans, grants, or related benefits that the Member received) available online.
Additionally, the bill restricts certain communications between trustees and beneficiaries related to investments held in qualified blind trusts. Violations of the restriction are subject to specified civil penalties.
Further, the bill imposes penalties for failing to comply with existing financial disclosure requirements and requires electronic filing of those disclosures in a searchable format.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
Latest action (Dec 19, 2024): Placed on Senate Legislative Calendar under General Orders. Calendar No. 729.
Policy area: Congress · Origin: Senate · Introduced: Apr 17, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.