S. 3451 — Introduced in Senate

II 115th CONGRESS 2d Session S. 3451 IN THE SENATE OF THE UNITED STATES September 17, 2018 Mr. Sasse introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To prohibit Members of Congress from buying or selling individual securities. 1. Short title This Act may be cited as the Congressional Anti-Corruption Act. 2. Prohibition on buying or selling individual securities (a) In general No member of Congress may buy or sell any individual security. (b) Widely held investment funds Subsection (a) shall not apply to the buying or selling of any widely held investment fund described in section 102(f)(8) of the Ethics in Government Act of 1978 (5 U.S.C. App.). (c) Penalty Whoever violates this section shall be fined not more than $1,000,000, imprisoned for not more than 5 years, or both.