S 1393
Ban Conflicted Trading Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Ban Conflicted Trading Act aims to prevent members of Congress and certain congressional staff from engaging in activities that could create conflicts of interest related to investments. Specifically, it prohibits them from buying or selling investments, creating short positions in securities, or serving on the boards of for-profit companies. The bill establishes rules for managing existing investments and allows for the use of blind trusts to avoid conflicts. Violations of the Act can result in civil penalties.
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Primary sponsor
Cosponsor
Sherrod Brown
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