Rep. Anna Paulina Luna Introduces Resolution to Advance the End Congressional Stock Trading Act

Washington, D.C. — Today, U.S. Representative Anna Paulina Luna (FL-13)

announced the introduction of a resolution providing for the immediate consideration of

H.R. 1908, the End Congressional Stock Trading Act, a landmark reform bill that will ban

Members of Congress— and their spouses and dependent children— from trading or

owning individual stocks, bonds, commodities, or complex investment vehicles.

The legislation directly addresses the growing concerns of insider conflicts and restores

public trust in Congress by ensuring that lawmakers cannot profit from nonpublic

information or legislative influence.

“No one sent to Congress should be enriching themselves through Wall Street while

writing the very laws that regulate our markets,” said Rep. Luna. “This bill is about

accountability, transparency, and restoring faith in the institution of Congress.”

Public polling consistently shows overwhelming bipartisan support for banning stock

trading by Members of Congress. Numerous ethics scandals have fueled skepticism

about lawmakers’ financial dealings, especially during sensitive economic and national

security events. The End Congressional Stock Trading Act directly addresses these

concerns by eliminating even the appearance of conflicts of interest.

Key Provisions of the End Congressional Stock Trading Act:

• Full Divestment Requirement: Members of Congress, their spouses, and dependent

children must divest from all individual stocks, bonds, commodities, and other securities

within 180 days of enactment. More complex private investment vehicles must be

divested within two years.

• Strict Exceptions: Only diversified mutual funds, government retirement plans, U.S.

Treasury securities, and small business holdings without conflict-of-interest risks are

exempt.• Strong Enforcement: Violations will result in civil fines up to $100,000 or 10% of the

value of the asset in question, with strict prohibitions on using campaign or office funds

to pay penalties.

• Annual Certification: Members must certify compliance each year, with certifications

published online and subject to IRS audits.

• Tax Neutrality: Provides divestment protections to prevent Members from incurring

undue capital gains penalties when transitioning to compliant investments.

This resolution expedites consideration of the bill, ensuring that Members will debate

and vote on the measure without unnecessary delay. Debate will be managed by the

House Financial Services Committee, with equal time allotted to both majority and

minority leadership.

Rep. Luna emphasized that this effort is part of her broader commitment to reform and

accountability in government:

“Members of Congress should serve the American people—not their stock portfolios.

Passing this bill is a crucial step toward cleaning up Washington and restoring trust in

our democracy.”

Read the resolution here.

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Contact:

Office of Congresswoman Anna Paulina Luna

(202) 225-5961 | david.leatherwood@mail.house.gov

Follow updates at luna.house.gov