HR 1679
Bipartisan Ban on Congressional Stock Ownership Act of 2023
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- Passed House
- Passed Senate
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Bill overview
This bill, the Bipartisan Ban on Congressional Stock Ownership Act of 2023, aims to prevent members of Congress and their spouses from owning or trading stocks, bonds, and other securities. It requires current members to divest within 180 days and new members within 180 days of joining, with a five-year exception for certain complex investments. The bill includes exceptions for widely held investment funds, Alaska Native Settlement Stock, retirement plan investments, and small business concerns that don't create conflicts of interest, and establishes a fine for violations.
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Primary sponsor
Cosponsors
Barbara Lee
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