No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution
12/12/2023, 8:15 AMSummary of Bill HRES 156
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.
Congressional Summary of HRES 156
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.
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Current Status of Bill HRES 156
Bill HRES 156 is currently in the status of Bill Introduced since February 24, 2023. Bill HRES 156 was introduced during Congress 118 and was introduced to the House on February 24, 2023. Bill HRES 156's most recent activity was Referred to the House Committee on Ethics. as of February 24, 2023Bipartisan Support of Bill HRES 156
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
12Democrat Cosponsors
12Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HRES 156
Primary Policy Focus
CongressComments
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Sponsors and Cosponsors of HRES 156
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