A Resolution urging the Congress of the United States to advance and enact the Restore Trust in Congress Act to prohibit stock trading by members of Congress and their immediate family members.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This resolution urges the United States Congress to pass the Restore Trust in Congress Act, which would prohibit members of Congress and their immediate family members from trading stocks. The resolution highlights concerns about potential conflicts of interest and the erosion of public trust due to reports of members engaging in stock trades that coincided with policy decisions. It emphasizes the need for ethical standards and transparency in government.
Key provisions
- Prohibits stock trading by members of Congress.
- Prohibits stock trading by spouses and dependent children of members of Congress.
- Encourages Congress to consider legislation addressing insider trading and conflicts of interest.
- Calls for ethical governance and prioritizing public trust.
- Specifically references the Restore Trust in Congress Act (H.R. 5106).
Who is affected
- Members of Congress
- Spouses of Members of Congress
- Dependent children of Members of Congress
- The United States Congress
- Pennsylvania residents
Notable changes
- Currently, members of Congress are not prohibited from trading stocks.
- This resolution seeks to establish a clear ethical standard regarding financial transactions by elected officials.
Bill text
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Document of record
- Version
- Pn 1403 Html
- Published
- Not published in the source record
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Sponsors
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8 on record
Primary sponsor
Cosponsors
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