Overview

• The ETHICS Act mandates divestment of stocks by lawmakers, the president, and vice president starting in 2027.
• Immediate ban on stock trading for members of Congress 90 days after the bill's enactment.
• Violations would incur penalties of either a month's salary or 10% of the asset's value, whichever is higher.
• The bill builds on the 2012 STOCK Act, which has been criticized for its weak enforcement and penalties.
• The Senate Homeland Security and Governmental Affairs Committee will mark up the bill on July 24.