US Federal 2023-2024 Regular Session

US Federal Senate Bill SB58

Introduced
1/24/23  

Caption

Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act This bill prohibits Members of Congress (or their spouses) from holding or trading certain investments (e.g., individual stocks and related financial instruments other than diversified investment funds or U.S. Treasury securities). The prohibition does not apply to assets held in a qualified blind trust or to sales by a Member to come into compliance with the bill's requirements. Specifically, the bill allows for sales by current Members during the 180 days following the bill's enactment and for sales by future Members during the 180 days following the commencement of their service. Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the Member to a civil fine. Additionally, a loss stemming from a prohibited holding or transaction may not be used as an income tax deduction. Each Member must submit an annual certification of compliance, and the Government Accountability Office must audit Members' compliance with the bill's provisions.

Companion Bills

US SB439

Related bill Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

Previously Filed As

US SB313

Prohibiting members of the legislature from engaging in transactions involving stocks and other securities during legislative sessions.

US HB3388

Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

US HB3182

To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.

US SR309

Sales or Income Tax Credit; any bill proposing to receive a two-thirds' vote of the membership of each house of the General Assembly in order to become law; require -CA

US HB2510

Requiring each school district board of education to allocate membership association dues to individual board members and prohibiting the payment of such dues if a board member elects not to join such membership association.

US HB619

Nor Rel Muk Wintu Nation Federal Recognition Act This bill extends federal recognition to the Nor Rel Muk Wintu Nation. The bill makes the tribe and its members eligible for services and benefits provided to federally recognized tribes, without regard to the existence of a reservation or the location of the residence of any member. The service area of the tribe is considered to be Trinity County, California. The tribe must submit a membership roll to the Department of the Interior. The tribe must maintain the membership roll.

US H4057

To authorize the mayor of the city of Haverhill to submit special legislation to increase the membership of the board of health from three members to five members

US HR725

Providing for consideration of the bill (H.R. 1908) to prohibit stock trading and ownership by Members of Congress and their spouses and dependent children, and for other purposes.

US H5566

Permits a member or members of a limited-liability company to avoid dissolution by buying the membership interest owned by the other member or members seeking dissolution.

US H7339

Permits a member or members of a limited-liability company to avoid dissolution by buying the membership interest owned by the other member or members seeking dissolution.

Similar Bills

US SB3201

Good Government Act of 2025

US HB358

No Corruption in Government Act Prohibit Insider Trading Act

US HB3388

Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

US SB1498

Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act

US HB253

Bipartisan Restoring Faith in Government Act

US HB3182

To amend title 5, United States Code, to prohibit Members of Congress and their spouses from trading stock, and for other purposes.

LA HCR73

Memorializes the United States Congress to include expanding H-2B worker visas in its appropriations bill or other appropriate legislative instrument for Fiscal Year 2027

US HB4036

No Shorting America Act