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1 1 (February 17, 2022)

handle is hein.crs/govefhc0001 and id is 1 raw text is: Congressional
Research Service
inforrning the Iegislative debate since 1914_

Stock Trading in Congress: 117th Congress
Proposals to Limit or Prohibit Certain
Financial Transactions
February 17, 2022
On April 4, 2012, President Obama signed the STOCK Act (P.L. 112-105; Stop Trading on Congressional
Knowledge Act of 2012). The STOCK Act, as amended, affirms that Members of Congress, congressional
employees, and other federal officials are not exempt from insider trading laws and regulations and are
required to file periodic transaction reports with their supervising ethics office within 30 days of a
covered financial transaction. For the House of Representatives, the supervising ethics office is the House
Ethics Committee, and for the Senate it is the Senate Select Committee on Ethics.
In the 117th Congress (2021-2022), there has been interest in further limiting or prohibiting Members of
Congress and covered congressional employees from engaging in certain financial transactions. As of
February 14, 2022, at least 12 bills or resolutions have been introduced to address this issue. These
measures propose to amend the Ethics in Government Act (5 U.S.C. Appendix @@101-112), the STOCK
Act, or House Rules to prohibit certain transactions, increase financial disclosure reporting requirements,
and prescribe remedies and penalties for engaging in certain behaviors. Figure 1 lists the 12 measures, the
proposed affected party, the bill's or resolution's proposed actions, and the timeline for implementation, if
enacted.
Congressional Research Service
https://crsreports.congress.gov
IN11860

CRS INSIGHT
Prepared for Members and
Committees of Congress -

M  I

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