Ban Stock Trading for Government Officials Act of 2023
This bill prohibits the President, Vice President, Members of Congress, and certain high-ranking executive branch officials from holding or trading stocks, securities, and commodities that could create conflicts of interest. It requires these individuals to divest any existing holdings within 180 days of assuming office and bans them from buying, selling, or holding such investments during their service. Violations would result in fines (up to 10% of the investment value) and the requirement to return any profits gained from prohibited transactions. The bill also mandates electronic filing and public disclosure of financial information through government websites, making it easier for the public to access and search these records.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 25, 2023
Last action Jul 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 25, 2023
Committee
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
upper
Jul 25, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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