Overview

• The ETHICS Act prohibits members of Congress, their spouses, and dependents from trading stocks.
• The bill passed the Senate Homeland Security & Governmental Affairs Committee with an 8-4 vote.
• Supporters argue the bill will restore public trust in Congress by preventing insider trading.
• The legislation faces challenges in securing a full Senate vote before the November elections.
• If enacted, the ban would take full effect in 2027, with penalties for violations.