,i #aaith ,,congress #ast ,session ,h4 ,r4 #ceh ,,in ,,the ,,house ,,of ,,representatives ,january #ac1 #bjbe,mr4 ,nunn of ,iowa 7for himself and ,ms4 ,perez7 introduced the following bill2 which was referred to the ,committee on ,house ,administration1 and in addition to the ,committees on ,ways and ,means1 the ,judiciary1 and ,oversight and ,government ,reform1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend title #e1 ,united ,states ,code1 to prohibit insider trading by ,members of ,congress and their spouses1 to amend title #ah1 ,united ,states ,code1 to extend the length of the post-employment ban on lobbying by ,members of ,congress1 to repeal the automatic adjustment in the pay of ,members of ,congress1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,no ,corruption in ,government ,act4 ,i ,prohibiting ,insider ,trading by ,members of ,congress #aja4 ,short title ,this title may be cited as the ,prohibit ,insider ,trading ,act4 #ajb4 ,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 subchapter3-- 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 7#c7 the term supervising ethics office has the meaning given that term in section #acaja2 and 7#d7 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 ,the prohibition under subsection 7a7-- 7#a7 shall begin to apply with respect to a ,member of ,congress who commences service as a ,member after the date of enactment of this subchapter on the date that is seven days after the first date of the initial term of service2 and 7#b7 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 ,penalties 7#a7 ,disgorgement ,a ,member of ,congress and the ,member's spouse shall disgorge to the general fund of the ,treasury any profit from a transaction or holding involving a covered financial instrument that is conducted in violation of this section4 7#b7 ,income tax ,a loss from a transaction or holding involving a covered financial instrument that is conducted in violation of this section may not be deducted from the amount of income tax owed by the applicable ,member of ,congress or the ,member's spouse4 7#c7 ,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 #acaec4 ,supervising ethics office certification of compliance and audit 7a7 ,certification 7#a7 ,in general ,not later than seven days after the beginning of any session of ,congress1 each ,member of ,congress shall submit to the supervising ethics office a written certification that the ,member and the ,member's spouse has achieved compliance with the requirements of this subchapter4 7#b7 ,publication ,the supervising ethics office shall publish each certification submitted under paragraph 7#a7 on a publicly available website4 7b7 ,audit ,not less than every two years1 the supervising ethics office shall conduct an audit of the compliance by ,members of ,congress with the requirements of this subchapter4 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#acaec4 ,supervising ethics office certification of compliance and audit4 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 second session of the ,one ,hundred ,nineteenth ,congress4 ,,ii ,increasing ,length of ,post-,employment ,lobbying ,ban #bja4 ,short title ,this title may be cited as the ,ban ,members ,from ,lobbying ,act4 #bjb4 ,increase in length of post-employment ban on lobbying of ,congress by former ,members 7a7 ,length of post-,employment ban 7#a7 #f-year ban for former ,senators ,subparagraph 7,a7 of section #bjg7;e77#a7 of title #ah1 ,united ,states ,code1 is amended by striking within #b years after that person leaves office and inserting within #f years after that person leaves office4 7#b7 #c-year ban for former ,members of the ,house of ,representatives ,paragraph 7#a7 of section #bjg7;e7 of such title is amended by striking subparagraph 7,b7 and inserting the following3 7,b7 ,members of the ,house of ,representatives ,any person who is a ,member of the ,house of ,representatives and who1 within #c years after that person leaves office1 knowingly makes1 with the intent to influence1 any communication to or appearance before any ,member1 officer1 or employee of either ,house of ,congress and any employee of any other legislative office of the ,congress1 on behalf of any other person 7except the ,united ,states7 in connection with any matter on which such former ,member seeks action by a ,member1 officer1 or employee of either ,house of ,congress1 in his or her official capacity1 shall be punished as provided in section #baf of this title4 7,c7 ,officers of the ,house of ,representatives ,any person who is an elected officer of the ,house of ,representatives and who1 within #a year after that person leaves office1 knowingly makes1 with the intent to influence1 any communication to or appearance before any ,member1 officer1 or employee of the ,house of ,representatives1 on behalf of any other person 7except the ,united ,states7 in connection with any matter on which such former elected officer seeks action by a ,member1 officer1 or employee of either ,house of ,congress1 in his or her official capacity1 shall be punished as provided in section #baf of this title4 4 7b7 ,effective date ,the amendments made by this section shall apply with respect to any individual who1 on or after the date of the enactment of this ,act1 leaves an office to which section #bjg7;e77#a7 of title #ah1 ,united ,states ,code1 applies4 ,,iii ,eliminating ,member ,,cola #cja4 ,elimination of automatic pay adjustments for ,members of ,congress 7a7 ,in general ,paragraph 7#b7 of section #fja7;a7 of the ,legislative ,reorganization ,act of #aidf 7#b ,u4,s4,c4 #deja7 is repealed4 7b7 ,technical and conforming amendments ,section #fja7;a7 of such ,act 7#b ,u4,s4,c4 #deja7 is amended-- 7#a7 by striking 7a77#a7 and inserting 7a72 7#b7 by redesignating subparagraphs 7,a71 7,b71 and 7,c7 as paragraphs 7#a71 7#b71 and 7#c71 respectively2 and 7#c7 by striking as adjusted by paragraph 7#b7 of this subsection and inserting adjusted as provided by law4 7c7 ,effective date ,this section and the amendments made by this section shall take effect on the date on which the ,one ,hundred ,twentieth ,congress convenes4