Bipartisan Senate Bill Aims to Ban Stock Trading by Lawmakers

New legislation would prohibit members of Congress, their families, and top officials from trading stocks to prevent conflicts of interest.

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.