US Senator Kirsten Gillibrand
Gillibrand Introduces Landmark Bill To Ban Stock Trading And Ownership By Congress, Executive Branch Officials And Their Families
U.S. Senator Kirsten Gillibrand (D-NY) introduced the bipartisan Ban Stock Trading for Government Officials Act. The legislation would create stringent stock trading bans and disclosure requirements for Congress, senior executive branch officials, and their spouses and dependents. The bill bans stock trading, stock ownership, and blind trusts; imposes heavy penalties for executive branch stock trading; requires reporting of federal benefits; creates additional transparency in financial disclosure reports; and increases transaction report penalties under the original STOCK Act.