Prohibition of Financial Trading on Government Property Act

Hozzl · 2023-12-15T15:56:37Z

Explore the details of House Bill 2383 Prohibition of Financial Trading on Government Property Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

12/15/2023, 3:56 PM

Summary of Bill HR 2383

Bill 118 hr 2383, also known as the Prohibition of Financial Trading on Government Property Act, aims to prevent individuals from engaging in financial trading activities on government property. The bill was introduced in the House of Representatives and is currently under consideration by the Committee on Financial Services.

If passed, the bill would prohibit any person from conducting financial trading, such as buying or selling stocks, bonds, or other securities, on government property. This includes federal buildings, national parks, and other government-owned land. The goal of the bill is to ensure that government property is not used for personal financial gain and to maintain the integrity of government operations.

Supporters of the bill argue that allowing financial trading on government property could lead to conflicts of interest and unethical behavior. They believe that individuals should not be able to profit from trading activities while on government premises. Opponents of the bill may argue that it restricts personal freedoms and could have unintended consequences for individuals who work on government property. Overall, the Prohibition of Financial Trading on Government Property Act seeks to uphold ethical standards and prevent potential conflicts of interest in financial trading activities on government property. It is currently in the early stages of the legislative process and will undergo further review and debate before potentially becoming law.

Congressional Summary of HR 2383

Prohibition of Financial Trading on Government Property Act

This bill prohibits federal employees from conducting any financial trading on federal property.

Specifically, the bill prohibits federal employees, including Members of Congress and the President, from engaging in any financial trading on federal property. Federal employees (with the exception of the President and Vice President) are also prohibited from using government-issued devices to engage in any financial trading. The bill's restrictions do not apply to activities that are related to an employee's official duties or Thrift Savings Plan account.

Federal employees who violate the bill's prohibitions are subject to fines, imprisonment (for knowing violations), and disciplinary action.

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Current Status of Bill HR 2383

Bill HR 2383 is currently in the status of Bill Introduced since March 29, 2023. Bill HR 2383 was introduced during Congress 118 and was introduced to the House on March 29, 2023. Bill HR 2383's most recent activity was Referred to the Committee on Oversight and Accountability, and in addition to the Committee on 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 29, 2023

Bipartisan Support of Bill HR 2383

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 2383

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 2383

Prohibition of Financial Trading on Government Property Act

To prohibit Federal officers and employees from engaging in any financial trading activity while on Federal Government property, and for other purposes.