US HB7008

Prohibits Members of Congress, their spouses, and dependent children from purchasing individual stocks or securities of publicly traded companies while in office

Requires 7-14 calendar days advance public notice before any covered individual can sell existing stock holdings, with details filed with the Clerk of the House or Secretary of the Senate

Exempts diversified investment funds, small business interests, independently managed trusts, dividend reinvestments, and transactions made as part of a spouse's employment compensation

Violations result in mandatory fees of $2,000 or 10% of the transaction value (whichever is greater) plus any net gains realized, with the supervising ethics office authorized to refer cases to the Department of Justice

Takes effect 180 days after enactment and applies to all Members of Congress in both chambers