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No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution
12/30/2022, 3:48 AM
Summary of Bill HRES 873
Bill 117 H.Res. 873, also known as the "No Option for Stock Trading and Ownership as a Check to Keep Congress Clean Resolution," aims to address concerns about potential conflicts of interest among members of Congress. The bill proposes to prohibit members of Congress from owning or trading individual stocks while serving in office.
The rationale behind this resolution is to prevent lawmakers from using their positions for personal financial gain or from being influenced by their investments when making legislative decisions. By eliminating the option for stock trading and ownership, the bill seeks to promote transparency, accountability, and ethical behavior among members of Congress.
If passed, the resolution would require members of Congress to divest any individual stocks they currently own and to refrain from purchasing new stocks while in office. Additionally, it would establish mechanisms for monitoring and enforcing compliance with the prohibition on stock trading and ownership. Supporters of the bill argue that it is necessary to uphold the integrity of the legislative process and to ensure that lawmakers are acting in the best interests of the public rather than their own financial interests. Critics, however, may raise concerns about the potential impact on lawmakers' ability to manage their personal finances and investments. Overall, Bill 117 H.Res. 873 represents an effort to address ethical concerns and to promote good governance within the US Congress by restricting the option for stock trading and ownership among its members.
The rationale behind this resolution is to prevent lawmakers from using their positions for personal financial gain or from being influenced by their investments when making legislative decisions. By eliminating the option for stock trading and ownership, the bill seeks to promote transparency, accountability, and ethical behavior among members of Congress.
If passed, the resolution would require members of Congress to divest any individual stocks they currently own and to refrain from purchasing new stocks while in office. Additionally, it would establish mechanisms for monitoring and enforcing compliance with the prohibition on stock trading and ownership. Supporters of the bill argue that it is necessary to uphold the integrity of the legislative process and to ensure that lawmakers are acting in the best interests of the public rather than their own financial interests. Critics, however, may raise concerns about the potential impact on lawmakers' ability to manage their personal finances and investments. Overall, Bill 117 H.Res. 873 represents an effort to address ethical concerns and to promote good governance within the US Congress by restricting the option for stock trading and ownership among its members.
Congressional Summary of HRES 873
NO STOCK Resolution or the No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution
This resolution revises the Code of Official Conduct of the House of Representatives to prohibit Members, Delegates, and Resident Commissioners from owning the common stock of an individual public corporation.
Read the Full Bill
Current Status of Bill HRES 873
Bill HRES 873 is currently in the status of Bill Introduced since January 18, 2022. Bill HRES 873 was introduced during Congress 117 and was introduced to the House on January 18, 2022. Bill HRES 873's most recent activity was Referred to the House Committee on Ethics. as of January 18, 2022
Bipartisan Support of Bill HRES 873
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HRES 873
Primary Policy Focus
CongressAlternate Title(s) of Bill HRES 873
No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution
No Option for Stock Trading and Ownership as a Check to Keep congress clean Resolution
NO STOCK Resolution
Amending the Rules of the House of Representatives to prohibit Members of Congress from owning individual stocks.
Comments
Sponsors and Cosponsors of HRES 873
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