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10h ago

Bipartisan House Bill Would Ban Lawmakers’ Individual Stock Trades

Sponsors set a deadline to force a floor vote by the end of September absent action by House leaders.

A trader works on the floor at the New York Stock Exchange on September 3, 2025.
FILE-The Capitol is seen in Washington, Tuesday, Aug. 26, 2025, as Congress is scheduled to return from their August break Tuesday, Sept. 2, 2025, after Labor Day. (AP Photo/J. Scott Applewhite, file)
Rep. Alexandria Ocasio-Cortez shares a fist bump with Rep. Tim Burchett at a news conference with a bipartisan group of House members saying they are prepared to force a vote on legislation to ban members of Congress and their families from trading stocks, on Capitol Hill on September 3, 2025.
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Overview

  • The Restore Trust in Congress Act, unveiled by an ideologically wide coalition, would prohibit members of Congress, their spouses and dependent children from owning or trading individual stocks.
  • The proposal forbids the use of blind trusts for covered assets and requires divestment within 180 days for current members and 90 days for new members, while allowing diversified funds and U.S. Treasuries.
  • Violations would be enforced by the House and Senate Ethics Committees, with offenders required to forfeit profits and pay a fee equal to 10% of the value of the investment, with penalties tracked publicly.
  • Backers, including Reps. Chip Roy, Seth Magaziner, Brian Fitzpatrick, Alexandria Ocasio-Cortez and Anna Paulina Luna, say they will pursue a discharge petition if the bill is not brought to the floor through regular order.
  • Prospects remain uncertain as a related Senate measure led by Sen. Josh Hawley—covering the president and vice president—faces GOP resistance and criticism from President Donald Trump.