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Bills
House Bill 2678
118th Congress(2023-2024)
Ending Trading and Holdings in Congressional Stocks (ETHICS) Act
Introduced
Introduced
Introduced in House on Apr 18, 2023
Overview
Text
Introduced
Apr 18, 2023
Latest Action
Apr 18, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2678
Congress
118
Policy Area
Congress
Congress
Primary focus of measure is Members of Congress; general congressional oversight; congressional agencies, committees, operations; legislative procedures; U.S. Capitol. Measures concerning oversight and investigation of specific matters may fall under the issue-specific relevant policy area.
Sponsorship by Party
Democrat
Raja Krishnamoorthi
Illinois
Democrat
Ro Khanna
California
Democrat
Joe Neguse
Colorado
Democrat
Eleanor Holmes Norton
District of Columbia
Democrat
Alexandria Ocasio-Cortez
New York
Republican
Michael Lawler
New York
Democrat
Paul Tonko
New York
Republican
Brian Fitzpatrick
Pennsylvania
Democrat
Seth Magaziner
Rhode Island
Republican
Michael Cloud
Texas
Republican
Jennifer A. Kiggans
Virginia
Democrat
Mark Pocan
Wisconsin
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
Introduced in House
April 18, 2023
Related Bills (1)
Apr 17, 2023
Introduced in Senate
22
Sponsorship
Senate Bill 1171
Ending Trading and Holdings In Congressional Stocks (ETHICS) Act
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (2)
04/18/2023
Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, and the Judiciary, 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.
04/18/2023
Introduced in House
Graphics
H.R.2678 118 Ending Trading and Holdings in Congressional Stocks ETHICS Act
How Graphics are created
Public Record
Record Updated
Jan 3, 2024 5:45:18 PM
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