Ban Congressional Stock Trading Act requires Members of Congress to divest or place certain assets in blind trusts.
The Ban Congressional Stock Trading Act mandates that Members of Congress and their spouses and dependent children divest or place certain assets in qualified blind trusts. This includes investments in securities, commodities, futures, and similar economic interests. New and current Members of Congress must comply within 120 days of enactment or when they take office. Failure to comply can result in civil penalties. The bill also outlines procedures for extensions, reporting requirements, and the responsibilities of supervising ethics offices.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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