Top federal officials and their families could not own or trade many individual investments while in office. They would also have to report federal payments tied to them, and the public could search those reports online.
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STOCK Act 2.0 is a House bill in committee. The latest recorded action: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, 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.
Latest action on H.R. 3779: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, 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.
Who this affects: This bill mainly affects top federal officials, senior Federal Reserve bank leaders, and their spouses and dependent children. It could change how they invest, when they must sell assets, and what money ties they must report. It also affects ethics offices, courts, Congress, and the Federal Reserve because they would have to enforce the rules and build public online systems.
Why this matters: This bill matters because top officials can make decisions that affect markets, companies, banks, and federal money. The bill would limit their ability to personally profit from those decisions through many individual investments. It would also give the public more ways to see financial ties and trading activity. The real effect on public trust, hiring officials, and market behavior would depend on how the rules work in practice.
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