I 
119TH CONGRESS 
1ST SESSION H. R. 3182 
To amend title 5, United States Code, to prohibit Members of Congress 
and their spouses from trading stock, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 5, 2025 
Mr. BRESNAHAN introduced the following bill; which was referred to the 
Committee on House Administration 
A BILL 
To amend title 5, United States Code, to prohibit Members 
of Congress and their spouses from trading stock, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. PROHIBITING TRANSACTIONS AND OWNERSHIP 
OF CERTAIN FINANCIAL INSTRUMENTS BY 
MEMBERS 
OF 
CONGRESS 
AND 
THEIR 
SPOUSES. 
(a) IN GENERAL.—Chapter 131 of title 5, United 
States Code, is amended by adding after subchapter III 
the following: 
VerDate Sep 11 2014 
01:55 May 10, 2025
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H3182.IH
H3182
ssavage on LAPJG3WLY3PROD with BILLS
‘‘SUBCHAPTER IV—RESTRICTIONS REGARDING 
FINANCIAL INSTRUMENTS 
‘‘§ 13151. Definitions 
‘‘In this subchapter— 
‘‘(1) the term ‘covered financial instrument’— 
‘‘(A) means— 
‘‘(i) any investment in— 
‘‘(I) a security (as defined in sec-
tion 3(a) of Securities Exchange Act 
of 1934 (15 U.S.C. 78c(a))); 
‘‘(II) a security future (as de-
fined in that section); or 
‘‘(III) a commodity (as defined in 
section 1a of the Commodity Ex-
change Act (7 U.S.C. 1a)); and 
‘‘(ii) any economic interest com-
parable to an interest described in sub-
clause (I) that is acquired through syn-
thetic means, such as the use of a deriva-
tive, including an option, warrant, or other 
similar means; and 
‘‘(B) does not include— 
‘‘(i) a diversified mutual fund; 
‘‘(ii) a diversified exchange-traded 
fund; 
VerDate Sep 11 2014 
01:55 May 10, 2025
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H3182.IH
H3182
ssavage on LAPJG3WLY3PROD with BILLS
‘‘(iii) any investment in the Thrift 
Savings Plan; or 
‘‘(iv) a United States Treasury bill, 
note, or bond; 
‘‘(2) the term ‘Member of Congress’ has the 
meaning given that term in section 13101; and 
‘‘(3) the term ‘qualified blind trust’ has the 
meaning given that term in section 13104(f)(3). 
‘‘§ 13152. Prohibition on certain transactions and 
holdings involving covered financial in-
struments 
‘‘(a) PROHIBITION.—Except as provided in sub-
section (b), a Member of Congress and the Member’s 
spouse may not, during the term of service of the Member, 
hold, purchase, or sell any covered financial instrument. 
‘‘(b) EXCEPTIONS.— 
‘‘(1) HOLDING
COVERED
FINANCIAL
INSTRU-
MENTS.—The prohibition on holding any covered fi-
nancial instrument under subsection (a) shall not 
apply to a covered financial instrument a Member of 
Congress or the Member’s spouse owns immediately 
preceding the term of the Member. 
‘‘(2) QUALIFIED BLIND TRUST.—Subsection (a) 
does not apply to a covered financial instrument held 
in a qualified blind trust operated on behalf of, or 
VerDate Sep 11 2014 
01:55 May 10, 2025
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H3182.IH
H3182
ssavage on LAPJG3WLY3PROD with BILLS
for the benefit of, a Member of Congress or the 
Member’s spouse. 
‘‘(c) FINES.—A Member of Congress who holds or 
conducts a transaction involving a covered financial in-
strument in violation of this section may be subject to a 
civil fine as described under section 13106(a).’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for such chapter 131 is amended by inserting after the 
item relating to section 13146 the following: 
‘‘SUBCHAPTER IV—RESTRICTIONS REGARDING FINANCIAL INSTRUMENTS 
‘‘13151. Definitions. 
‘‘13152. Prohibition on certain transactions and holdings involving covered fi-
nancial instruments.’’. 
(c) APPLICATION.—The amendments made by sub-
section (a) shall begin to apply to Members of Congress 
and their spouses on the first day of the One Hundred 
Twentieth Congress. 
Æ 
VerDate Sep 11 2014 
01:55 May 10, 2025
Jkt 059200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H3182.IH
H3182
ssavage on LAPJG3WLY3PROD with BILLS