US HB1908

Members of Congress, their spouses, and dependent children are prohibited from owning or trading stocks, bonds, commodities, futures, hedge fund interests, derivatives, and other securities

Current members must divest standard assets within 180 days of enactment; new members have 90 days after taking office; interests in hedge funds, venture capital, and private investment vehicles have a 5-year divestment window

Permitted investments include diversified widely held investment funds, U.S. Treasury securities, government employee retirement plans, small business interests without conflicts of interest, and Alaska Native Claims Settlement Act shares

Civil penalties up to $100,000 per violation may be imposed by the Attorney General or Special Counsel, with enforcement through federal district courts

Capital gains taxes on required divestitures may be deferred if proceeds are reinvested into permitted assets within 60 days, with congressional ethics committees authorized to issue certificates of divestiture