119-S1498

Bill is currently in: Senate
Path to Law
House Senate President

119th CONGRESS

1st Session

S. 1498

1. Short title
2. Banning insider trading in Congress

1. Short title

This Act may be cited as the "Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act".

2. Banning insider trading in Congress

(a) In general - Chapter 131 of title 5, United States Code, is amended by adding at the end the following:

(b) Conforming amendments

(1) Table of sections - The table of sections for chapter 131 of title 5, United States Code, is amended by adding at the end the following:

(2) Persons required to file - Section 13103(f) of title 5, United States Code, is amended—

(A) - in paragraph (9), by striking “as defined in section 13101 of this title”;

(B) - in paragraph (10), by striking “as defined in section 13101 of this title”;

(C) - in paragraph (11), by striking “as defined in section 13101 of this title”; and

(D) - in paragraph (12), by striking “as defined in section 13101 of this title”.

(3) Lobbying Disclosure Act of 1995 - Section 3(4)(D) of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1602(4)(D)) is amended by striking "legislative branch employee serving in a position described under section 13101(13) of title 5, United States Code" and inserting "officer or employee of Congress (as defined in section 13101 of title 5, United States Code)".