3.0.0 6490 2022-12-30T03:49:01Z 2022-12-30T03:49:01Z House HR 2022-01-25 117 [Congressional Record Volume 168, Number 16 (Tuesday, January 25, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. HARTZLER:H.R. 6490.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H302]]]> hswm00 Ways and Means Committee House Standing Referred to 2022-01-25T15:02:25Z hsha00 Committee on House Administration House Standing Referred to 2022-01-25T15:02:20Z Banning Insider Trading in Congress Act 117 3504 S 2022-01-13 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS 2022-01-25 Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2022-01-25 Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, 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. IntroReferral H11100 2 House floor actions hsha00 Committee on House Administration 2022-01-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-01-25 Introduced in House IntroReferral 1000 9 Library of Congress H001053 Rep. Hartzler, Vicky [R-MO-4] Vicky Hartzler R MO 4 N S000522 Rep. Smith, Christopher H. [R-NJ-4] CHRISTOPHER SMITH R NJ H. 4 2022-02-15 False S001192 Rep. Stewart, Chris [R-UT-2] Chris Stewart R UT 2 2022-02-15 False Congress Congress 00 2022-01-25 Introduced in House 2022-10-26T16:13:52Z Banning Insider Trading in Congress Act

This bill prohibits a Member of Congress or spouse of a Member from holding, purchasing, or selling certain investments. Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the Member to a civil fine. A loss from a transaction or holding involving a covered financial instrument that is conducted in violation of this bill may not be deducted from the amount of income tax owed by the applicable Member or spouse.

The bill also requires each Member to submit an annual certification of compliance and requires the Government Accountability Office to conduct a compliance audit.

The prohibition does not apply to assets held in a qualified blind trust or to a sale by a Member or spouse within 180 days after the bill is enacted or within 180 days after the Member commences service, for any Member who commences service after the bill is enacted.

]]> Banning Insider Trading in Congress Act Display Title Banning Insider Trading in Congress Act Short Title(s) as Introduced Banning Insider Trading in Congress Act Introduced in House IH Official Title as Introduced To amend the Ethics in Government Act of 1978 to prohibit transactions involving certain financial instruments by Members of Congress. Introduced in House IH Introduced in House 2022-01-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr6490ih/xml/BILLS-117hr6490ih.xml 2022-01-25 Referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.