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Ban Conflicted Trading Act

2/8/2022, 11:17 PM

Congressional Summary of HR 6401

Ban Conflicted Trading Act

This bill prohibits a Member of Congress or certain congressional officers or employees from (1) purchasing or selling specified investments, (2) entering into a transaction that creates a net short position in a security, or (3) serving as an officer or member of any board of any for-profit entity.

Read the Full Bill

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Current Status of Bill HR 6401

Bill HR 6401 is currently in the status of Bill Introduced since March 26, 2020. Bill HR 6401 was introduced during Congress 116 and was introduced to the House on March 26, 2020.  Bill HR 6401's most recent activity was Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, and House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 26, 2020

Bipartisan Support of Bill HR 6401

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
9
Democrat Cosponsors
9
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6401

Primary Policy Focus

Congress

Potential Impact Areas

- Civil actions and liability
- Commodities markets
- Congressional officers and employees
- Corporate finance and management
- Financial services and investments
- Government ethics and transparency, public corruption
- Members of Congress
- Securities

Alternate Title(s) of Bill HR 6401

Ban Conflicted Trading Act
To prohibit Members of Congress from purchasing or selling certain investments, and for other purposes.
Ban Conflicted Trading Act

Comments

Sponsors and Cosponsors of HR 6401

Raja Krishnamoorthi
Raja Krishnamoorthi
IllinoisDemocrat
Jose E. Serrano
Jose E. Serrano
New YorkDemocrat
Jamie Raskin
Jamie Raskin
MarylandDemocrat
Ayanna Pressley
Ayanna Pressley
MassachusettsDemocrat
Alexandria Ocasio-Cortez
Alexandria Ocasio-Cortez
New YorkDemocrat
Joe Neguse
Joe Neguse
ColoradoDemocrat

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