I 

118TH CONGRESS 

1ST SESSION H. R. 2383 

To prohibit Federal officers and employees from engaging in any financial 

trading activity while on Federal Government property, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 29, 2023 

Ms. MACE (for herself and Ms. CRAIG) introduced the following bill; which was 

referred to the Committee on Oversight and Accountability, and in addition to the Committee on House Administration, 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 

A BILL 

To prohibit Federal officers and employees from engaging 

in any financial trading activity while on Federal Government property, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Prohibition of Finan5 cial Trading on Government Property Act’’. 


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1 SEC. 2. PROHIBITION ON FINANCIAL TRADING ACTIVITY 

2 WHILE ON GOVERNMENT PROPERTY OR 

3 USING GOVERNMENT RESOURCES. 

4 (a) PROHIBITION.—A Federal employee may not— 

5 (1) conduct, participate in, or otherwise carry 

6 out any financial trading activity while on Federal 

7 property; or 

8 (2) use any Government-issued devices or re9 sources, including computers, internet access, tele10 phones, or other electronic devices, for the purpose 

11 of conducting, participating in, or otherwise carrying 

12 out any financial trading activity. 

13 (b) EXCEPTIONS.— 

14 (1) IN GENERAL.—Subsection (a) shall not 

15 apply to— 

16 (A) any Federal employee if such employ17 ee’s official duties involve financial trading ac18 tivity, as determined by the head of the employ19 ing agency; and 

20 (B) a Federal employee’s engagement in fi21 nancial trading activity is directly related to 

22 their account under the Thrift Savings Plan. 

23 (2) PRESIDENT; VICE PRESIDENT.—Subsection 

24 (a)(2) shall not apply to the President or the Vice 

25 President. 

26 (c) PENALTIES.— 


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1 (1) PENALTY.— 

2 (A) An individual who violates this section 

3 shall be fined not more than the value of the fi4 nancial trading activity, or $1,000, whichever is 

5 greater. 

6 (B) An individual who knowingly violates 

7 this section shall be fined not more than 

8 $5,000, imprisoned not more than 3 years, or 

9 both. 

10 (2) PERSONNEL ACTION.—Any individual found 

11 to be in violation of this Act shall be subject to dis12 ciplinary action up to and including removal, as de13 termined by the head of the employing agency. 

14 (d) REPORTING.— 

15 (1) IN GENERAL.—Each employing agency shall 

16 report any violation of this Act to the supervising 

17 ethics office within 30 days after determining that 

18 the violation has occurred. 

19 (2) COMPLIANCE.—The supervising ethics office 

20 shall have the authority to conduct investigations 

21 and audits to ensure compliance with this Act. 

22 (e) REGULATIONS.—Each supervising ethics office 

23 shall issue regulations to implement this Act, including 

24 guidelines for determining what constitutes a violation of 


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1 the Act, procedures for reporting violations, and penalties 

2 under subsection (c)(1). 

3 (f) DEFINITIONS.—In this Act— 

4 (1) the term ‘‘Federal employee’’— 

5 (A) means— 

6 (i) the President; 

7 (ii) a Member of Congress (as that 

8 term is defined in section 2106 of title 5, 

9 United States Code); 

10 (iii) an employee (as that term is de11 fined under section 2105 of such title); 

12 (iv) an employee of the United States 

13 Postal Service or Postal Regulatory Com14 mission; and 

15 (v) notwithstanding section 7425(b) of 

16 title 38, United States Code, an employee 

17 appointed under chapter 73 or 74 of such 

18 title 38; and 

19 (B) does not include— 

20 (i) any member of the uniformed serv21 ices (as that term is defined in section 

22 2101 of title 5, United States Code); or 

23 (ii) the Chief Justice of the United 

24 States or any associate justice of the Su25 preme Court of the United States; 


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1 (2) the term ‘‘Federal property’’ means any 

2 building, land, or other real property owned, leased, 

3 or occupied by any department, agency, or instru4 mentality of the United States Government, but does 

5 not include any— 

6 (A) national park (but not including the 

7 White House and President’s Park); 

8 (B) facility of the United States Postal 

9 Service; 

10 (C) Indian Reservation (as that term is de11 fined in section 3 of the Indian Financing Act 

12 of 1974); 

13 (D) real property or facility owned by the 

14 United States Government located outside the 

15 United States and its territories; or 

16 (E) Border Inspection Facilities; 

17 (3) the term ‘‘financial trading activity’’ means 

18 the buying or selling of any stock, bond, commodity, 

19 future, cryptocurrency or other digital asset, or 

20 other form of security, including an interest in a 

21 hedge fund, a derivative, option, or other complex in22 vestment vehicle; and 

23 (4) the term ‘‘supervising ethics office’’ has the 

24 meaning given that term in section 13101 of title 5, 

25 United States Code. 


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1 (g) EFFECTIVE DATE.—This Act shall begin to take 

2 effect 90 days after the date of enactment of this Act. 

Æ 


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