Insider Trading Prevention Act

HR 6141, the Insider Trading Prevention Act, prohibits Members of Congress and their spouses from buying or selling most financial instruments (like stocks or bonds) after the bill's enactment or when they become covered individuals. It excludes U.S. Treasury securities, exchange-traded funds, mutual funds, and investments held in government retirement plans. Covered individuals must submit annual compliance pledges to ethics offices, receive certificates of compliance, and have these certificates publicly posted online. Violations carry fines of $25,000 per incident or the value of the instrument, whichever is higher.