End Congressional Stock Trading Act

HR 1908, the End Congressional Stock Trading Act, prohibits Members of Congress, their spouses, and dependent children from owning or trading stocks, bonds, commodities, or complex investments like hedge funds. Current members must sell existing holdings within 180 days (or 5 years for private funds), while new members have 90 days (5 years for private funds). Exceptions include broadly held diversified mutual funds, government retirement accounts, Alaska Native Claims Settlement stocks, and U.S. Treasury securities. Violations could result in civil penalties up to $100,000 per offense.