Senate Bill 3494
117th Congress(2021-2022)
Ban Congressional Stock Trading Act
Introduced
Introduced in Senate on Jan 12, 2022
Origin Chamber
Senate
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
3494
Congress
117
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.
No Senate votes have been held for this bill.
Summary
Ban Congressional Stock Trading Act
This bill requires each Member of Congress to divest or place in a blind trust any specified investment owned by the Member, the Member's spouse, or a dependent of the Member. This requirement applies for the entire period of a Member's service in Congress and for 180 days after that service ceases.
A Member of Congress who does not comply with the bill's requirements is subject to a fine equal to the Member's monthly congressional salary. The fine must be assessed 30 days after notice of the violation is issued and at least every subsequent 30 days.
January 12, 2022
Sort by most recent
01/12/2022
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
01/12/2022
Introduced in Senate
Public Record
Record Updated
Dec 30, 2022 4:04:47 AM