Congressional Anti-Corruption Act

Bill: 115-s-3451
Sponsor: full_name: Sen. Sasse, Ben [R-NE]
Introduced: 2018-09-17
Policy area: Congress
Subjects: Fraud offenses and financial crimes

Government ethics and transparency, public corruption

Members of Congress

Securities
Latest action: action_date: 2018-09-17
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2018-09-17
action_desc: Introduced in Senate
text: <p><b>Congressional Anti-Corruption Act</b></p> <p>This bill prohibits Members of Congress from buying or selling individual securities, with the exception of certain widely held investment funds.</p>

tv_txt: II 115th CONGRESS 2d Session S. 3451 IN THE SENATE OF THE UNITED STATES September 17, 2018 Mr. Sasse introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To prohibit Members of Congress from buying or selling individual securities.

1. Short title This Act may be cited as the Congressional Anti-Corruption Act . 2. Prohibition on buying or selling individual securities (a) In general No member of Congress may buy or sell any individual security. (b) Widely held investment funds Subsection (a) shall not apply to the buying or selling of any widely held investment fund described in section 102(f)(8) of the Ethics in Government Act of 1978 (5 U.S.C. App.). (c) Penalty Whoever violates this section shall be fined not more than $1,000,000, imprisoned for not more than 5 years, or both.