The bill prohibits insider trading by Members of Congress and their spouses, extends the post-employment lobbying ban, and eliminates automatic pay.
The No Corruption in Government Act, also known as the Prohibit Insider Trading Act, aims to prohibit Members of Congress and their spouses from engaging in insider trading. It defines "covered financial instruments" and imposes penalties for violations, including disgorgement of profits and civil fines. The Ban Members From Lobbying Act extends the post-employment lobbying ban for former Members of Congress, increasing it to six years for former Senators and three years for former Members of the House of Representatives.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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