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US HB4890
Bill
Status
8/5/2025
Primary Sponsor
Raja Krishnamoorthi
Click for details
AI Summary
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Members of Congress, their spouses, and dependent children would be prohibited from purchasing, selling, or owning individual stocks, securities, commodities, and futures while in office
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Covered individuals must divest existing covered investments or place them in a qualified blind trust within 120 days of the law taking effect, with trustees required to sell all initial property transferred to the trust
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Exemptions include diversified mutual funds, exchange-traded funds, U.S. Treasury bonds, small business interests approved by ethics offices, government retirement plans, and spousal compensation from primary employment
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Civil penalties for noncompliance equal the greater of a Member's monthly salary or 10% of the value of non-divested investments, assessed every 30 days until compliance
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Increases the STOCK Act violation fine to $500 per unreported transaction and requires electronic filing of financial disclosures with searchable public databases on congressional websites
Legislative Description
Ending Trading and Holdings in Congressional Stocks (ETHICS) Act
Congress
Last Action
Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Government Reform, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
8/5/2025