,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #aach  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #ba1         
#bjbc,mr4 ,nunn ( ,i[a 7= himself & ,mr4
 ,/anton7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,h\se        
,adm9i/ration1 & 9 addition to !        
,committee on ,ways & ,means1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to am5d  
title #e1 ,unit$ ,/ates ,code1 to       
prohibit transactions involv+ c]ta9     
f9ancial in/rum5ts by ,memb]s (         
,congress & _! sp\ses1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,prohibit ,insid] ,trad+ ,act 4  #b4
 ,prohibit+ transactions & own]%ip (    
c]ta9 f9ancial in/rum5ts by ,memb]s (   
,congress & _! sp\ses  7a7 ,9 g5]al     
,*apt] #aca ( title #e1 ,unit$ ,/ates   
,code1 is am5d$ by add+ aft] sub*apt]   
,,iii ! foll[+3  ,,iv ,re/rictions      
,reg>d+ ,f9ancial ,in/rum5ts  #acaea4   

,def9itions ,9 ?is sub*apt]-- 7#a7 ! t]m
 cov]$ f9ancial in/rum5t-- 7,a7 means-- 
7i7 any inve/m5t 9-- 7,i7 a security 7z 
def9$ 9 section #c7;a7 ( ,securities    
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;c7a7772  7,,ii7 a security future 7z
 def9$ 9 t section72 or  7,,iii7 a      
commodity 7z def9$ 9 section #a;a ( !   
,commodity ,ex*ange ,act 7#g ,u4,s4,c4  
#a;a772 &  7ii7 any economic int]e/     
comp>able to an int]e/ describ$ 9       
subclause 7,i7 t is acquir$ ?r\gh       
syn!tic means1 su* z ! use ( a          
d]ivative1 includ+ an option1 w>rant1 or
 o!r simil> means2 &  7,b7 does n       
include-- 7i7 a div]sifi$ mutual fund2  
7ii7 a div]sifi$ ex*ange-trad$ fund2    
7iii7 any inve/m5t 9 ! ,?rift ,sav+s    
,plan2 or  7iv7 a ,unit$ ,/ates         
,treasury bill1 note1 or bond2  7#b7 !  
t]m ,memb] ( ,congress has ! mean+ giv5 
t t]m 9 section #acaja2  7#c7 ! t]m     
sup]vis+ e?ics (fice has ! mean+ giv5 t 
t]m 9 section #acaja2 &  7#d7 ! t]m     
qualifi$ bl9d tru/ has ! mean+ giv5 t   

t]m 9 section #acajd7;f77#c74  #acaeb4  
,prohibition on c]ta9 transactions &    
hold+s involv+ cov]$ f9ancial in/rum5ts 
7a7 ,prohibition ,except z provid$ 9    
subsection 7b71 a ,memb] ( ,congress & !
 ,memb]'s sp\se may n1 dur+ ! t]m (     
s]vice ( ! ,memb]1 hold1 pur*ase1 or    
sell any cov]$ f9ancial in/rum5t4  7b7  
,exceptions ,! prohibition "u subsection
 7a7-- 7#a7 %all beg9 to apply ) respect
 to a ,memb] ( ,congress :o comm5ces    
s]vice z a ,memb] aft] ! date ( enactm5t
 ( ?is sub*apt] on ! date t is sev5 days
 aft] ! fir/ date ( ! initial t]m (     
s]vice2 &  7#b7 does n apply to a cov]$ 
f9ancial in/rum5t held 9 a qualifi$ bl9d
 tru/ op]at$ on behalf (1 or = ! b5efit 
(1 a ,memb] ( ,congress or ! ,memb]'s   
sp\se4  7c7 ,p5alties  7#a7 ,disgorgem5t
 ,a ,memb] ( ,congress & ! ,memb]'s     
sp\se %all disgorge to ! g5]al fund ( ! 
,treasury any pr(it f a transaction or  
hold+ involv+ a cov]$ f9ancial in/rum5t 
t is conduct$ 9 violation ( ?is section4
  7#b7 ,income tax ,a loss f a          

transaction or hold+ involv+ a cov]$    
f9ancial in/rum5t t is conduct$ 9       
violation ( ?is section may n be d$uct$ 
f ! am\nt ( income tax ow$ by !         
applicable ,memb] ( ,congress or !      
,memb]'s sp\se4  7#c7 ,f9es ,a ,memb] ( 
,congress :o holds or conducts a        
transaction involv+ a cov]$ f9ancial    
in/rum5t 9 violation ( ?is section may  
be subject to a civil f9e z describ$ "u 
section #acajf7;a74  #acaec4 ,sup]vis+  
e?ics (fice c]tification ( compliance & 
audit  7a7 ,c]tification  7#a7 ,9 g5]al 
,n lat] ?an sev5 days aft] ! beg9n+ (   
any session ( ,congress1 ea* ,memb] (   
,congress %all submit to ! sup]vis+     
e?ics (fice a writt5 c]tification t !   
,memb] & ! ,memb]'s sp\se has a*iev$    
compliance ) ! requirem5ts ( ?is        
sub*apt]4  7#b7 ,publication ,! sup]vis+
 e?ics (fice %all publi% ea*            
c]tification submitt$ "u p>agraph 7#a7  
on a publicly available website4  7b7   
,audit ,n less ?an e two ye>s1 !        
sup]vis+ e?ics (fice %all conduct an    

audit ( ! compliance by ,memb]s (       
,congress ) ! requirem5ts ( ?is         
sub*apt]4  4  7b7 ,cl]ical am5dm5t ,!   
table ( sections = su* *apt] #aca is    
am5d$ by ins]t+ aft] ! item relat+ to   
section #acadf ! foll[+3  ,,sub*apt]    
,,iv--,,re/rictions ,,reg>d+ ,,f9ancial 
,,in/rum5ts#acaea4 ,def9itions4#acaeb4  
,prohibition on c]ta9 transactions &    
hold+s involv+ cov]$ f9ancial           
in/rum5ts4#acaec4 ,sup]vis+ e?ics (fice 
c]tification ( compliance & audit4  4   
7c7 ,application ,! am5dm5ts made by    
subsection 7a7 %all beg9 to apply to    
,memb]s ( ,congress & _! sp\ses on !    
fir/ day ( ! second session ( ! ,"o     
,hundr$ ,eighte5? ,congress4