,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cahb  ,,in ,,the ,,house ,,of  
,,representatives  ,may #e1 #bjbe,mr4   
,bresnahan introduced the following     
bill2 which was referred to the         
,committee on ,house ,administration  ,a
 ,,bill  ,to amend title #e1 ,united    
,states ,code1 to prohibit ,members of  
,congress and their spouses from trading
 stock1 and for other purposes4  #a4    
,prohibiting transactions and ownership 
of certain financial instruments by     
,members of ,congress and their spouses 
7a7 ,in general ,chapter #aca of title  
#e1 ,united ,states ,code1 is amended by
 adding after subchapter ,,iii the      
following3  ,,iv ,restrictions          
,regarding ,financial ,instruments      
#acaea4 ,definitions ,in this           
subchapter-- 7#a7 the term covered      
financial instrument-- 7,a7 means-- 7i7 
any investment in-- 7,i7 a security 7as 
defined in section #c7;a7 of ,securities
 ,exchange ,act of #aicd 7#ae ,u4,s4,c4 
#gh;c7a7772  7,,ii7 a security future   

7as defined in that section72 or        
7,,iii7 a commodity 7as defined in      
section #a;a of the ,commodity ,exchange
 ,act 7#g ,u4,s4,c4 #a;a772 and  7ii7   
any economic interest comparable to an  
interest described in subclause 7,i7    
that is acquired through synthetic      
means1 such as the use of a derivative1 
including an option1 warrant1 or other  
similar means2 and  7,b7 does not       
include-- 7i7 a diversified mutual fund2
  7ii7 a diversified exchange-traded    
fund2  7iii7 any investment in the      
,thrift ,savings ,plan2 or  7iv7 a      
,united ,states ,treasury bill1 note1 or
 bond2  7#b7 the term ,member of        
,congress has the meaning given that    
term in section #acaja2 and  7#c7 the   
term qualified blind trust has the      
meaning given that term in section      
#acajd7;f77#c74  #acaeb4 ,prohibition on
 certain transactions and holdings      
involving covered financial instruments 
7a7 ,prohibition ,except as provided in 
subsection 7b71 a ,member of ,congress  

and the ,member's spouse may not1 during
 the term of service of the ,member1    
hold1 purchase1 or sell any covered     
financial instrument4  7b7 ,exceptions  
7#a7 ,holding covered financial         
instruments ,the prohibition on holding 
any covered financial instrument under  
subsection 7a7 shall not apply to a     
covered financial instrument a ,member  
of ,congress or the ,member's spouse    
owns immediately preceding the term of  
the ,member4  7#b7 ,qualified blind     
trust ,subsection 7a7 does not apply to 
a covered financial instrument held in a
 qualified blind trust operated on      
behalf of1 or for the benefit of1 a     
,member of ,congress or the ,member's   
spouse4  7c7 ,fines ,a ,member of       
,congress who holds or conducts a       
transaction involving a covered         
financial instrument in violation of    
this section may be subject to a civil  
fine as described under section         
#acajf7;a74  4  7b7 ,clerical amendment 
,the table of sections for such chapter 

#aca is amended by inserting after the  
item relating to section #acadf the     
following3  ,,subchapter                
,,iv--,,restrictions ,,regarding        
,,financial ,,instruments#acaea4        
,definitions4#acaeb4 ,prohibition on    
certain transactions and holdings       
involving covered financial instruments4
  4  7c7 ,application ,the amendments   
made by subsection 7a7 shall begin to   
apply to ,members of ,congress and their
 spouses on the first day of the ,one   
,hundred ,twentieth ,congress4