Ending Trading and Holdings in Congressional Stocks (ETHICS) Act

The Ending Trading and Holdings in Congressional Stocks (ETHICS) Act requires members of Congress, their spouses, and dependent children to divest or place most personal investments in qualified blind trusts. It bans the purchase of covered investments (including stocks, commodities, and derivatives) after enactment, with current members having 90 days to sell existing holdings and new members having 90 days after taking office to divest. The bill includes specific exceptions for diversified mutual funds, Treasury securities, and certain family business investments while establishing enforcement mechanisms including civil penalties of up to 10% of the value of noncompliant holdings. The law applies to members serving terms beginning after January 31, 2023, and mandates public online disclosure of financial information through updated government databases.