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H.R.358

No Corruption in Government Act Prohibit Insider Trading Act

Introduced·1/13/25
Introduced in House Text

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.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Administration Committee
Next
Committee decision

Sponsors

DD
2
1
R
Democratic CaucusRepublican Caucus

History

Jan 13, 2025

House

Introduced in House

Jan 13, 2025

House

Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.