SEC. 2. PROHIBITION ON OWNERSHIP OF FINANCIAL IN-
STRUMENTS. 
(a) IN GENERAL.—Chapter 131 of title 5, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘SUBCHAPTER IV—PROHIBITION ON 
OWNERSHIP OF FINANCIAL INSTRUMENTS 
‘‘§ 13151. Definitions 
‘‘In this subchapter: 
‘‘(1) COVERED FINANCIAL INSTRUMENT.— 
‘‘(A) IN GENERAL.—The term ‘covered fi-
nancial instrument’ means a security (as de-
fined in section 3(a) of the Securities Exchange 
Act of 1934 (15 U.S.C. 78c(a))). 
‘‘(B) EXCLUSIONS.—The term ‘covered fi-
nancial instrument’ does not include— 
‘‘(i) a United States Treasury bill, 
note, or bond; 
‘‘(ii) an exchange-traded fund; 
‘‘(iii) a mutual fund; or 
‘‘(iv) any investment fund held in a 
Federal, State, or local government em-
ployee retirement plan. 
‘‘(2) COVERED
INDIVIDUAL.—The term ‘cov-
ered individual’ means any of the following: 
‘‘(A) A Member of Congress. 
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‘‘(B) The spouse of a Member of Congress. 
‘‘(3) MEMBER OF CONGRESS.—The term ‘Mem-
ber of Congress’ has the meaning given that term in 
section 13101. 
‘‘(4) SUPERVISING ETHICS OFFICE.—The term 
‘supervising ethics office’ has the meaning given that 
term in section 13101. 
‘‘§ 13152. Limitation on owning or trading covered fi-
nancial instruments 
‘‘(a) REQUIREMENT.—Except as provided in sub-
section (b), no covered individual may— 
‘‘(1) buy a covered financial instrument on or 
after the date of enactment of the Insider Trading 
Prevention Act or the date on which such individual 
becomes a covered individual, whichever is later; or 
‘‘(2) sell a covered financial instrument de-
scribed in paragraph (1). 
‘‘(b) ASSETS ACQUIRED THROUGH SPECIAL CIR-
CUMSTANCES.—Beginning one year after the date on 
which a spouse of a Member of Congress is employed in 
the primary occupation of such spouse, such spouse may 
receive a covered financial instrument as compensation 
from such primary occupation during the period of em-
ployment at such occupation. 
‘‘(c) PROOF OF COMPLIANCE.— 
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‘‘(1) SUBMISSION.—A covered individual shall 
submit to the supervising ethics office a pledge of 
compliance with the requirements of this subchapter, 
and shall produce, upon request of the supervising 
ethics office, material or information determined by 
the supervising ethics committee to be necessary to 
indicate compliance with the provisions of this sub-
chapter. 
‘‘(2) CERTIFICATE.—The supervising ethics of-
fice shall provide each covered individual in compli-
ance with the provisions of this subchapter with a 
certificate of compliance. 
‘‘(3) ANNUAL PUBLICATION.—The supervising 
ethics office shall make available annually, on a pub-
licly accessible website, all certificates issued under 
this subsection. 
‘‘§ 13153. Fine for noncompliance 
‘‘An individual subject to the requirements of this 
subchapter who is in violation of this subchapter as deter-
mined by the supervising ethics office shall pay a fine 
equal to the higher of the following amounts: 
‘‘(1) $25,000 per violation. 
‘‘(2) The value of the covered financial instru-
ment sold or purchased by the individual.’’. 
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(b) CLERICAL AMENDMENT.—The table of sections 
for such chapter is amended by inserting after the item 
relating to section 13146 the following: 
‘‘SUBCHAPTER IV—PROHIBITION ON OWNERSHIP OF FINANCIAL INSTRUMENTS 
‘‘13151. Definitions. 
‘‘13152. Limitation on owning or trading covered financial instruments. 
‘‘13153. Fine for noncompliance.’’. 
Æ 
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