,,ii #aai? ,,congress #a/ ,session ,s4 #adih ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #bh1 #bjbe,mr4 ,hawley 7= himself & ,mr4 ,mor5o7 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 a 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 *ild ( a ,memb] ( ,congress4 7#b7 ,dep5d5t *ild2 ,memb] ( ,congress ,! t]ms dep5d5t *ild & ,memb] ( ,congress h ! mean+s giv5 ^? t]ms 9 section #acaja4 7#c7 ,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 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]vice4 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 ! applicable 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 ! applicable 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 ! applicable 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 ,en=cem5t 7,a7 ,9 g5]al ,9 ! ev5t ( cont9u+ noncompliance aft] issuance ( ! notice describ$ 9 p>agraph 7#a71 ! applicable sup]vis+ e?ics committee %all impose a civil p5alty1 9 ! am\nt describ$ 9 subp>agraph 7,b71 on ! ,memb] ( ,congress to :om a notice 0 provid$-- 7i7 on ! date t is #cj days aft] ! date ( provision ( ! notice2 & 7ii7 dur+ ! p]iod 9 :i* su* noncompliance cont9ues1 n less frequ5tly ?an once e #cj days !reaft]4 7,b7 ,am\nt ,! am\nt ( ea* civil p5alty impos$ on a ,memb] ( ,congress pursuant to subp>agraph 7,a7 %all be an am\nt equal to #aj p]c5t ( ! value ( ea* cov]$ f9ancial in/rum5t t 0 n dive/$ 9 violation ( ?is sub*apt] dur+ ! p]iod cov]$ by ! p5alty4 7#c7 ,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$2 & 7,c7 ! result ( ea* assessm5t1 includ+ any he>+ "u p>agraph 7#a77;,b77i7 relat+ to ! assessm5t4 7#d7 ,appeal ,a ,memb] ( ,congress may appeal ! assessm5t ( a f9e "u ?is section to a vote on ! floor ( ! ,s5ate or ! ,h\se ( ,repres5tatives1 z applicable1 z a privileg$ 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 ,table ( sections ,! 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 7#b7 ,p]sons requir$ to file ,section #acajc7;f7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$-- 7,a7 9 p>agraph 7#i71 by /rik+ 8z def9$ 9 section #acaja ( ?is title02 7,b7 9 p>agraph 7#aj71 by /rik+ 8z def9$ 9 section #acaja ( ?is title02 7,c7 9 p>agraph 7#aa71 by /rik+ 8z def9$ 9 section #acaja ( ?is title02 & 7,d7 9 p>agraph 7#ab71 by /rik+ 8z def9$ 9 section #acaja ( ?is title04 7#c7 ,lobby+ ,disclosure ,act ( #aiie ,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