No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution

NO STOCK Resolution or the No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution

This resolution prohibits Members, Delegates, and Resident Commissioners of the House of Representatives from owning the common stock of an individual public corporation.

Bill 118 H.Res. 156, also known as the "No Option for Stock Trading and Ownership as a Check to Keep Congress Clean Resolution," is a proposed piece of legislation in the US Congress. The main goal of this bill is to prevent members of Congress from owning or trading individual stocks while serving in office.

The bill aims to address concerns about potential conflicts of interest that may arise when members of Congress have financial stakes in companies that could be affected by their legislative decisions. By prohibiting stock ownership and trading, the bill seeks to ensure that lawmakers are making decisions in the best interest of the public, rather than their own personal financial gain.

If passed, the bill would require members of Congress to divest any individual stocks they currently own and would prohibit them from purchasing new stocks while in office. Additionally, the bill would establish a system for monitoring and enforcing compliance with these rules, in order to hold lawmakers accountable for any violations. Overall, Bill 118 H.Res. 156 represents an effort to promote transparency and integrity in Congress by eliminating the potential for conflicts of interest related to stock ownership and trading. It is intended to uphold the public trust in government and ensure that lawmakers are acting in the best interest of the American people.