Ending Trading and Holdings in Congressional Stocks (ETHICS) Act
Latest action · Apr 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 18, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 12
Members who signed on, in the order they did. Signatures ran from Apr 18, 2023 to Nov 5, 2024, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Alexandria Ocasio-Cortez | Original | Apr 18, 2023 |
| D-CO | Joe Neguse | Original | Apr 18, 2023 |
| R-TX | Michael Cloud | Original | Apr 18, 2023 |
| D-DC | Eleanor Holmes Norton | Apr 24, 2023 | |
| R-PA | Brian K. Fitzpatrick | May 5, 2023 | |
| D-RI | Seth Magaziner | May 9, 2023 | |
| D-WI | Mark Pocan | Jun 6, 2023 | |
| D-CA | Ro Khanna | Jun 12, 2023 | |
| R-VA | Jennifer A. Kiggans | Sep 8, 2023 | |
| R-NY | Michael Lawler | Sep 8, 2023 | |
| D-NY | Paul Tonko | Jan 3, 2024 | |
| R-PA | John Joyce | Nov 5, 2024 |
Actions 2
Everything that happened, newest first.
- Apr 18, 2023Introduced in House
- Apr 18, 2023Referred 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.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1171 | Ending Trading and Holdings In Congressional Stocks (ETHICS) Act | Identical bill | Dec 19, 2024 |
Subjects
Assigned by the Library of Congress. Policy area: Congress.
Text 1
Each version as it was printed, newest first.
- Apr 18, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.