HR 2678 United States House · 118th Congress

Ending Trading and Holdings in Congressional Stocks (ETHICS) Act

HR 2678, the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, prohibits Members of Congress, their spouses, and dependent children from owning or trading most stocks, commodities, and derivatives (defined as "covered investments"). The bill requires existing investments to be divested or placed in qualified blind trusts within 120 days, with exemptions for diversified funds, government bonds, and certain small business investments. It establishes civil penalties of $500 per violation or 10% of the investment value for noncompliance and mandates online public disclosure of financial information to increase transparency. The law applies to congressional staff beginning January 31, 2023, for new terms of service.

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2023

Committee Review

Floor Vote

President

Introduced Apr 18, 2023 Last action Apr 18, 2023

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Committee

Apr 18, 2023

Committee

Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Accountability, 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.

lower

Apr 18, 2023

Introduced

Introduced in House

lower

1 primary · 12 co-sponsors