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Congressional Stock Trading Ban Act
This bill prohibits members of Congress, their spouses, and dependent children from trading individual stocks while in office. Members must divest existing holdings into blind trusts or broad-based index funds within 180 days. Violations result in fines equal to the profit gained plus 10%.
Discussion (5)
Strong support. The data clearly shows the current approach is failing and we need a new direction.
The reporting requirements seem excessive for smaller organizations. Add a tiered approach based on size.
Finally someone proposing something concrete instead of just talking. Let's refine this and get it passed.
Strong support. The data clearly shows the current approach is failing and we need a new direction.
I propose adding a sunset clause so Congress must reauthorize after evaluating effectiveness.
Add 5-year sunset clause with evaluation
+ Proposed Text
New Section 12: "Act expires 5 years after enactment unless reauthorized. GAO evaluation report due at 4 years."