Prohibition of Financial Trading on Government Property Act

To prohibit Federal officers and employees from engaging in any financial trading activity while on Federal Government property, and for other purposes. 1. Short title This Act may be cited as the Prohibition of Financial Trading on Government Property Act 2. Prohibition on financial trading activity while on Government property or using Government resources (a) Prohibition A Federal employee may not— (1) conduct, participate in, or otherwise carry out any financial trading activity while on Federal property; or (2) use any Government-issued devices or resources, including computers, internet access, telephones, or other electronic devices, for the purpose of conducting, participating in, or otherwise carrying out any financial trading activity. (b) Exceptions (1) In general Subsection (a) shall not apply to— (A) any Federal employee if such employee’s official duties involve financial trading activity, as determined by the head of the employing agency; and (B) a Federal employee’s engagement in financial trading activity is directly related to their account under the Thrift Savings Plan. (2) President; Vice President Subsection (a)(2) shall not apply to the President or the Vice President. (c) Penalties (1) Penalty (A) An individual who violates this section shall be fined not more than the value of the financial trading activity, or $1,000, whichever is greater. (B) An individual who knowingly violates this section shall be fined not more than $5,000, imprisoned not more than 3 years, or both. (2) Personnel action Any individual found to be in violation of this Act shall be subject to disciplinary action up to and including removal, as determined by the head of the employing agency. (d) Reporting (1) In general Each employing agency shall report any violation of this Act to the supervising ethics office within 30 days after determining that the violation has occurred. (2) Compliance The supervising ethics office shall have the authority to conduct investigations and audits to ensure compliance with this Act. (e) Regulations Each supervising ethics office shall issue regulations to implement this Act, including guidelines for determining what constitutes a violation of the Act, procedures for reporting violations, and penalties under subsection (c)(1). (f) Definitions In this Act— (1) the term Federal employee (A) means— (i) the President; (ii) a Member of Congress (as that term is defined in section 2106 of title 5, United States Code); (iii) an employee (as that term is defined under section 2105 of such title); (iv) an employee of the United States Postal Service or Postal Regulatory Commission; and (v) notwithstanding section 7425(b) of title 38, United States Code, an employee appointed under chapter 73 or 74 of such title 38; and (B) does not include— (i) any member of the uniformed services (as that term is defined in section 2101 of title 5, United States Code); or (ii) the Chief Justice of the United States or any associate justice of the Supreme Court of the United States; (2) the term Federal property (A) national park (but not including the White House and President’s Park); (B) facility of the United States Postal Service; (C) Indian Reservation (as that term is defined in section 3 of the Indian Financing Act of 1974); (D) real property or facility owned by the United States Government located outside the United States and its territories; or (E) Border Inspection Facilities; (3) the term financial trading activity (4) the term supervising ethics office (g) Effective date This Act shall begin to take effect 90 days after the date of enactment of this Act.

Summary: Prohibition of Financial Trading on Government Property Act This bill prohibits federal employees from conducting any financial trading on federal property. Specifically, the bill prohibits federal employees, including Members of Congress and the President, from engaging in any financial trading on federal property. Federal employees (with the exception of the President and Vice President) are also prohibited from using government-issued devices to engage in any financial trading. The bill's restrictions do not apply to activities that are related to an employee's official duties or Thrift Savings Plan account. Federal employees who violate the bill's prohibitions are subject to fines, imprisonment (for knowing violations), and disciplinary action.