,,ii  #aah? ,,congress  #a/ ,session    
,s4 #dci  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #ae1 #bjbc,mr4
 ,hawley introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to am5d *apt] #aca ( title
 #e1 ,unit$ ,/ates ,code1 to prohibit   
transactions involv+ c]ta9 f9ancial     
in/rum5ts by ,memb]s ( ,congress4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,prev5t+ ,elect$ ,lead]s f ,own+        
,securities & ,inve/m5ts 7,,pelosi7     
,act4  #b4 ,bann+ insid] trad+ 9        
,congress  7a7 ,9 g5]al ,*apt] #aca (   
title #e1 ,unit$ ,/ates ,code1 is am5d$ 
by add+ at ! end ! foll[+3  ,,iv ,bann+ 
insid] trad+ 9 ,congress  #acafa4       
,def9itions ,9 ?is sub*apt]3 7#a7 ,cov]$
 f9ancial in/rum5t  7,a7 ,9 g5]al ,! t]m
 cov]$ f9ancial in/rum5t 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 clause 7i7 t is      
acquir$ ?r\gh syn!tic means1 su* z ! use
 ( a d]ivative1 includ+ an option1      
w>rant1 or o!r simil> means4  7,b7      
,exclusions ,! t]m cov]$ f9ancial       
in/rum5t does n include-- 7i7 a         
div]sifi$ mutual fund2  7ii7 a div]sifi$
 ex*ange-trad$ fund2  7iii7 a ,unit$    
,/ates ,treasury bill1 note1 or bond2 or
  7iv7 comp5sation f ! prim>y occupation
 ( a sp\se or dep5d5t ( a ,memb] (      
,congress4  7#b7 ,memb] ( ,congress ,!  
t]m ,memb] ( ,congress has ! mean+ giv5 
! t]m 9 section #acaja4  7#c7 ,qualifi$ 
bl9d tru/ ,! t]m qualifi$ bl9d tru/ has 
! mean+ giv5 ! t]m 9 section #acajd7;f74
  7#d7 ,sup]vis+ e?ics committee ,! t]m 
sup]vis+ e?ics committee means1 z       
applicable-- 7,a7 ! ,select ,committee  
on ,e?ics ( ! ,s5ate2 &  7,b7 !         
,committee on ,e?ics ( ! ,h\se (        

,repres5tatives4  #acafb4 ,prohibition  
on c]ta9 transactions & hold+s involv+  
cov]$ f9ancial in/rum5ts  7a7           
,prohibition ,except z provid$ 9        
subsection 7b71 a ,memb] ( ,congress1 or
 any sp\se ( a ,memb] ( ,congress1 may  
n1 dur+ ! t]m ( s]vice ( ! ,memb] (     
,congress1 hold1 pur*ase1 or sell any   
cov]$ f9ancial in/rum5t4  7b7           
,exceptions ,! prohibition "u subsection
 7a7 %all n apply to-- 7#a7 a sale by a 
,memb] ( ,congress1 or a sp\se ( a      
,memb] ( ,congress1 t is complet$ by !  
date t is-- 7,a7 = a ,memb] ( ,congress 
s]v+ on ! date ( enactm5t ( ! ,prev5t+  
,elect$ ,lead]s f ,own+ ,securities &   
,inve/m5ts 7,,pelosi7 ,act1 #ahj days   
aft] t date ( enactm5t2 &  7,b7 = any   
,memb] ( ,congress :o comm5ces s]vice z 
a ,memb] ( ,congress aft] ! date (      
enactm5t ( ! ,prev5t+ ,elect$ ,lead]s f 
,own+ ,securities & ,inve/m5ts          
7,,pelosi7 ,act1 #ahj days aft] ! fir/  
date ( ! initial t]m ( s]vice2 or  7#b7 
a cov]$ f9ancial in/rum5t held 9 a      

qualifi$ bl9d tru/ op]at$ on behalf (1  
or = ! b5efit (1 ! ,memb] ( ,congress or
 sp\se ( ! ,memb] ( ,congress4  7c7     
,p5alties  7#a7 ,disgorgem5t ,a ,memb] (
 ,congress %all disgorge to ! ,treasury 
( ! ,unit$ ,/ates any pr(it f a         
transaction or hold+ involv+ a cov]$    
f9ancial in/rum5t t is conduct$ 9       
violation ( ?is section4  7#b7 ,f9es ,a 
,memb] ( ,congress :o holds or conducts 
a transaction involv+1 or ^: sp\se holds
 or conducts a transaction involv+1 a   
cov]$ f9ancial in/rum5t 9 violation (   
?is section may be subject to a civil   
f9e assess$ by ! sup]vis+ e?ics         
committee "u section #acafd4  #acafc4   
,c]tification ( compliance  7a7 ,9 g5]al
 ,n less frequ5tly ?an annually1 ea*    
,memb] ( ,congress %all submit to !     
applicable sup]vis+ e?ics committee a   
writt5 c]tification t ! ,memb] (        
,congress has a*iev$ compliance ) !     
requirem5ts ( ?is sub*apt]4  7b7        
,publication ,! sup]vis+ e?ics          
committees %all publi% ea* c]tification 

submitt$ "u subsection 7a7 on a publicly
 available website4  #acafd4 ,au?ority (
 sup]vis+ e?ics committees  7a7 ,9 g5]al
 ,! sup]vis+ e?ics committees may       
implem5t & en=ce ! requirem5ts ( ?is    
sub*apt]1 includ+ by-- 7#a7 issu+-- 7,a7
 = ,memb]s ( ,congress-- 7i7 rules      
gov]n+ t implem5tation2 &  7ii7 #a or m 
reasonable ext5sions to a*ieve          
compliance ) ?is sub*apt]1 if ! sup]vis+
 e?ics committee det]m9es t a ,memb] (  
,congress is mak+ a good fai? ef=t to   
dive/ any cov]$ f9ancial in/rum5ts2 &   
7,b7 guidance relat+ to cov]$ f9ancial  
in/rum5ts2  7#b7 publi%+ on ! int]net   
c]tifications submitt$ by ,memb]s (     
,congress "u section #acafc7;a72 &  7#c7
 assess+ civil f9es aga9/ any ,memb] (  
,congress :o is 9 violation ( ?is       
sub*apt]1 subject to subsection 7b74    
7b7 ,requirem5ts = civil f9es  7#a7 ,9  
g5]al ,be=e impos+ a f9e pursuant to ?is
 section1 a sup]vis+ e?ics committee    
%all provide to ! applicable ,memb] (   
,congress-- 7,a7 a writt5 notice        

describ+ ea* cov]$ f9ancial in/rum5t    
transaction = :i* a f9e w be assess$2 & 
7,b7 an opportunity1 ) respect to ea*   
su* cov]$ f9ancial in/rum5t             
transaction-- 7i7 = a he>+2 &  7ii7 to  
a*ieve compliance ) ! requirem5ts ( ?is 
sub*apt]4  7#b7 ,publication ,ea*       
sup]vis+ e?ics committee %all publi% on 
a publicly available website a          
description (-- 7,a7 ea* f9e assess$ by 
! sup]vis+ e?ics committee pursuant to  
?is section2  7,b7 ! reasons :y ea* su* 
f9e 0 assess$2 &  7,c7 ! result ( ea*   
assessm5t1 includ+ any he>+ "u p>agraph 
7#a77;,b77i7 relat+ to ! assessm5t4     
7#c7 ,appeal ,a ,memb] ( ,congress may  
appeal ! assessm5t ( a f9e "u ?is       
section to a vote on ! floor ( ! ,s5ate 
or ! ,h\se ( ,repres5tatives1 z         
applicable1 z a privileg$ motion4       
#acafe4 ,audit by ,gov]nm5t             
,acc\ntability ,(fice ,n lat] ?an #b    
ye>s aft] ! date ( enactm5t ( ! ,prev5t+
 ,elect$ ,lead]s f ,own+ ,securities &  
,inve/m5ts 7,,pelosi7 ,act1 !           

,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all-- 7#a7 conduct an audit ( !        
compliance by ,memb]s ( ,congress ) !   
requirem5ts ( ?is sub*apt]2 &  7#b7     
submit to ! sup]vis+ e?ics committees a 
report describ+ ! results ( ! audit     
conduct$ "u p>agraph 7#a74  4  7b7      
,con=m+ am5dm5ts  7#a7 ,section         
#acajc7;f7 ( title #e1 ,unit$ ,/ates    
,code1 is am5d$-- 7,a7 9 p>agraph 7#i71 
by /rik+ z def9$ 9 section #acaja ( ?is 
title2  7,b7 9 p>agraph 7#aj71 by /rik+ 
z def9$ 9 section #acaja ( ?is title2   
7,c7 9 p>agraph 7#aa71 by /rik+ z def9$ 
9 section #acaja ( ?is title2 &  7,d7 9 
p>agraph 7#ab71 by /rik+ z def9$ 9      
section #acaja ( ?is title4  7#b7       
,section #c7d77;,d7 ( ! ,lobby+         
,disclosure ,act ( #aiie 7#b ,u4,s4,c4  
#afjb7d77;,d77 is am5d$ by /rik+        
legislative bran* employee s]v+ 9 a     
position describ$ "u section #acaja7ac7 
( title #e1 ,unit$ ,/ates ,code & ins]t+
 (fic] or employee ( ,congress 7z def9$ 
9 section #acaja ( title #e1 ,unit$     

,/ates ,code74  7#c7 ,! table ( sections
 = *apt] #aca ( title #e1 ,unit$ ,/ates 
,code1 is am5d$ by add+ at ! end !      
foll[+3  ,,sub*apt] ,,iv--,bann+ insid] 
trad+ 9 ,congress #acafa4 ,def9itions4  
#acafb4 ,prohibition on c]ta9           
transactions & hold+s involv+ cov]$     
f9ancial in/rum5ts4 #acafc4             
,c]tification ( compliance4 #acafd4     
,au?ority ( sup]vis+ e?ics committees4  
#acafe4 ,audit by ,gov]nm5t             
,acc\ntability ,(fice4  4