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To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.
To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.
Summary
This bill prohibits Members of Congress and their spouses from purchasing or selling individual stocks, commodities, and certain derivative financial instruments during the Member's term in Congress. Diversified mutual funds, diversified exchange-traded funds, Thrift Savings Plan investments, and U.S. Treasury securities are exempt from the prohibition. Members may continue to hold such instruments acquired before their term began, and assets held in qualified blind trusts are also exempt. The bill provides for civil fines as a penalty for violations. The restrictions apply beginning with the One Hundred Twentieth Congress.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Robert P. Bresnahan’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $255,976
- INVESTMENTS LIMITED $21,106
- STARKEY HEARING TECHNOLOGIES $13,200
- TFP LIMITED $11,022
- ENERGY TRANSFER PARTNERS $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Robert P. Bresnahan → · Outside spending →
Actions (2)
- May 5, 2025 Referred to the House Committee on House Administration. · house
- May 5, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 5, 2025
Mr. Bresnahan introduced the following bill; which was referred to the Committee on House Administration
A BILL
To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. PROHIBITING TRANSACTIONS AND OWNERSHIP OF CERTAIN FINANCIAL INSTRUMENTS BY MEMBERS OF CONGRESS AND THEIR SPOUSES.
(a) In General.—Chapter 131 of title 5, United States Code, is amended by adding after subchapter III the following:
“SUBCHAPTER IV—RESTRICTIONS REGARDING FINANCIAL INSTRUMENTS
“Sec. 13151. Definitions “In this subchapter—
“(1) the term ‘covered financial instrument’—
“(A) means—
“(i) any investment in—
“(I) a security (as defined in section 3(a) of Securities Exchange Act of 1934 (15 U.S.C. 78c(a)));
“(II) a security future (as defined in that section); or
“(III) a commodity (as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a)); and
“(ii) any economic interest comparable to an interest described in subclause (I) that is acquired through synthetic means, such as the use of a derivative, including an option, warrant, or other similar means; and
“(B) does not include—
“(i) a diversified mutual fund;
“(ii) a diversified exchange-traded fund;
“(iii) any investment in the Thrift Savings Plan; or
“(iv) a United States Treasury bill, note, or bond;
“(2) the term ‘Member of Congress’ has the meaning given that term in section 13101; and
“(3) the term ‘qualified blind trust’ has the meaning given that term in section 13104(f)(3). “Sec. 13152. Prohibition on certain transactions and holdings involving covered financial instruments
“(a) Prohibition.—Except as provided in subsection (b), a Member of Congress and the Member’s spouse may not, during the term of service of the Member, hold, purchase, or sell any covered financial instrument.
“(b) Exceptions.—
“(1) Holding covered financial instruments.—The prohibition on holding any covered financial instrument under subsection (a) shall not apply to a covered financial instrument a Member of Congress or the Member’s spouse owns immediately preceding the term of the Member.
“(2) Qualified blind trust.—Subsection (a) does not apply to a covered financial instrument held in a qualified blind trust operated on behalf of, or for the benefit of, a Member of Congress or the Member’s spouse.
“(c) Fines.—A Member of Congress who holds or conducts a transaction involving a covered financial instrument in violation of this section may be subject to a civil fine as described under section 13106(a).”.
(b) Clerical Amendment.—The table of sections for such chapter 131 is amended by inserting after the item relating to section 13146 the following:
“subchapter iv—restrictions regarding financial instruments
“13151. Definitions. “13152. Prohibition on certain transactions and holdings involving covered financial instruments.”.
(c) Application.—The amendments made by subsection (a) shall begin to apply to Members of Congress and their spouses on the first day of the One Hundred Twentieth Congress. <all>
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