US HB3182

Members of Congress and their spouses would be prohibited from holding, purchasing, or selling covered financial instruments during the Member's term of service

Covered financial instruments include securities, security futures, commodities, and derivative instruments such as options and warrants

Exemptions include diversified mutual funds, diversified exchange-traded funds, Thrift Savings Plan investments, U.S. Treasury bills/notes/bonds, and assets held in qualified blind trusts

Members may continue holding covered financial instruments they owned immediately before their term began, but cannot make new purchases or sales

Violations would be subject to civil fines under existing ethics law provisions, with the prohibition taking effect on the first day of the 120th Congress