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    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 169, Number 51 (Tuesday, March 21, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. JAYAPAL:H.R. 1679.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.The single subject of this legislation is:Bans Members of Congress and their spouses from owning andtrading individual stocks, bonds, commodities, futures, andother securities including an interest in a hedge fund, aderivative, an option, or other complex investment vehicle.[Page H1302]</pre>]]></constitutionalAuthorityStatementText>
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        <title>Stop Politicians Profiting from War Act of 2024</title>
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        <fullName>Rep. Jayapal, Pramila [D-WA-7]</fullName>
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        <fullName>Rep. Rosendale Sr., Matthew M. [R-MT-2]</fullName>
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        <fullName>Rep. Self, Keith [R-TX-3]</fullName>
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        <fullName>Rep. Burchett, Tim [R-TN-2]</fullName>
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        <fullName>Rep. Gaetz, Matt [R-FL-1]</fullName>
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        <fullName>Rep. Neguse, Joe [D-CO-2]</fullName>
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        <fullName>Rep. Napolitano, Grace F. [D-CA-31]</fullName>
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        <fullName>Rep. Lee, Barbara [D-CA-12]</fullName>
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        <fullName>Rep. McCollum, Betty [D-MN-4]</fullName>
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        <fullName>Rep. Deluzio, Christopher R. [D-PA-17]</fullName>
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        <fullName>Rep. Gomez, Jimmy [D-CA-34]</fullName>
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        <fullName>Rep. Cartwright, Matt [D-PA-8]</fullName>
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        <actionDate>2023-03-21</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-06-22T18:19:37Z</updateDate>
        <text><![CDATA[ <p><b>Bipartisan Ban on Congressional Stock Ownership Act of 2023</b></p> <p>This bill prohibits Members of Congress and their spouses from owning or trading stocks, bonds, commodities, futures, or any other form of security.</p> <p>Each current Member must divest within 180 days after the bill is enacted and each new Member must divest within 180 days after becoming a Member. However, Members and their spouses have 5 years to divest from specified complex investment vehicles. The bill does not apply to certain investments, such as investments in widely held investment funds that are diversified and do not present a conflict of interest and investments held in government employee retirement plans. </p> <p>A Member or spouse who violates the bill may be subject to a fine of up to $50,000 for each violation. The bill permits a Member or spouse who is required to divest property under the bill to avoid recognizing gain for income tax purposes from the sale of that property to the extent that the Member or spouse purchases permitted bonds or diversified investment funds within 60 days of the divestiture.</p>]]></text>
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        <title>To prohibit stock trading and ownership by Members of Congress and spouses of Members of Congress, and for other purposes.</title>
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      <text>Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, House Administration, and 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>
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