Summary
The No Corruption in Government Act would impose stricter financial restrictions on members of Congress and their spouses. Members and spouses would be prohibited from buying, selling, or holding stocks, securities futures, and commodities while in office, though they could use qualified blind trusts. Violations would result in forfeiture of profits, loss of tax deductions, and fines up to $50,000. The bill would also require ethics offices to audit compliance every two years.
Additionally, the bill would extend the cooling-off period that prevents former members from lobbying Congress on behalf of outside interests. The waiting period would increase from one to three years for House members and from two to six years for Senators. Finally, the bill would eliminate automatic annual pay increases for members of Congress beginning in the 120th Congress.
The bill is currently in committee and has not yet been voted on by the full House. If enacted, these provisions would aim to reduce conflicts of interest and the appearance of corruption in Congress by limiting members' financial trading activities and restricting their ability to immediately become lobbyists after leaving office.
AI-generated summary
Lifecycle of the Bill
Introduced in House
Jan 13, 2025
Introduced in House
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Introduced in House
Jan 13, 2025
Introduced in House
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, 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.
Jan 13, 2025
Congress
119th Congress
Introduced
Jan 13, 2025
