,,ii #aai? ,,congress #a/ ,session ,s4 #ahjc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #ai1 #bjbe,mr4 ,b5net introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,homel& ,security & ,gov]nm5tal ,affairs ,a ,,bill ,to prohibit c]ta9 individuals f engag+ 9 prohibit$ f9ancial transactions1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/op ,trad+ ,assets ,b5efitt+ ,lawmak]s' ,e>n+s :ile ,gov]n+ ,exotic & ,novel ,inve/m5ts 9 ! ,unit$ ,/ates ,act or ! ,,/able ,,g5ius ,act4 #b4 ,prohibit$ f9ancial transactions 7a7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ election ,! t]m cov]$ election means an election = ! (fice (-- 7,a7 ,presid5t2 7,b7 ,vice ,presid5t2 7,c7 ,unit$ ,/ates ,s5ator2 7,d7 ,unit$ ,/ates ,repres5tative2 7,e7 ,delegate to ,congress2 or 7,f7 ,resid5t ,commission] ( ,pu]to ,rico4 7#b7 ,cov]$ individual ,! t]m cov]$ individual means-- 7,a7 ! ,presid5t2 7,b7 ! ,vice ,presid5t2 7,c7 a ,unit$ ,/ates ,s5ator2 7,d7 a ,unit$ ,/ates ,repres5tative2 7,e7 a ,delegate to ,congress2 7,f7 a ,resid5t ,commission] ( ,pu]to ,rico2 or 7,g7 a c&idate 9 a cov]$ election4 7#c7 ,cov]$ inve/m5t ,! t]m cov]$ inve/m5t means any digital asset4 7#d7 ,digital asset ,! t]m digital asset means any digital repres5tation ( value t is record$ on a cryptographically secur$ di/ribut$ l$g] or any simil> te*nology4 7#e7 ,prohibit$ f9ancial transaction 7,a7 ,9 g5]al ,! t]m prohibit$ f9ancial transaction means-- 7i7 any issuance1 sponsor%ip1 or endorsem5t ( a cov]$ inve/m5t2 7ii7 any pur*ase1 sale1 hold+1 or o!r conduct t causes a cov]$ individual to obta9 a cov]$ inve/m5t2 7iii7 any acquisition ( any f9ancial int]e/ comp>able to an int]e/ describ$ 9 clause 7i7 or 7ii7 ?r\gh syn!tic means1 su* z ! use ( a d]ivative1 includ+ an option1 w>rant1 or o!r simil> means2 or 7iv7 any acquisition ( any f9ancial int]e/ comp>able to an int]e/ describ$ 9 clause 7i7 or 7ii7 z "p ( an aggregation or compilation ( su* int]e/s ?r\gh a mutual fund1 ex*ange-trad$ fund1 or o!r simil> means4 7#f7 ,qualifi$ bl9d tru/ ,! t]m qualifi$ bl9d tru/ means a qualifi$ bl9d tru/ 7z def9$ 9 section #acajd7;f77#c7 ( title #e1 ,unit$ ,/ates ,code7 t has be5 approv$ 9 writ+ by ! applicable sup]vis+ e?ics (fice "u subp>agraph 7,d7 ( su* section #acajd7;f77#c74 7b7 ,prohibit$ f9ancial transactions ,except z provid$ 9 subsection 7c71 a cov]$ individual may n engage 9 any prohibit$ f9ancial transaction dur+-- 7#a7 ! p]iod beg9n+ on ! date ( fil+ z a c&idate 9 a cov]$ ,f$]al election & end+ on ! date ( ! cov]$ ,f$]al election2 7#b7 ! t]m ( s]vice ( ! cov]$ individual2 & 7#c7 ! #a-ye> p]iod beg9n+ on ! date on :i* ! s]vice ( ! cov]$ individual is t]m9at$4 7c7 ,qualifi$ bl9d tru/ 7#a7 ,9 g5]al ,dur+ any ( ! p]iods describ$ 9 subsection 7b71 = ea* cov]$ inve/m5t own$ by a cov]$ individual1 ! cov]$ individual %all place ! cov]$ inve/m5t 9 a qualifi$ bl9d tru/1 includ+ by e/abli%+ a qualifi$ bl9d tru/ = t purpose1 if necess>y4 7#b7 ,qualifi$ bl9d tru/ requirem5ts ,a qualifi$ bl9d tru/ may n be e/abli%$ = purposes ( comply+ ) ?is section )\t ! prior approval ( ! applicable sup]vis+ e?ics (fice4 ,) respect to any su* tru/ s approv$1 ! applicable tru/ee-- 7,a7 %all dive/ ( any su* in/rum5t plac$ 9 ! tru/ n lat] ?an #f mon?s aft] ! tru/ is e/abli%$2 7,b7 %all c]tify to ! applicable sup]vis+ e?ics (fice on an annual basis t ! tru/ee has n provid$ any in=mation on ! tru/'s assets or transactions to ! applicable cov]$ individual2 & 7,c7 may n h a close p]sonal or bus9ess relation%ip ) ! applicable cov]$ individual4 7d7 ,report+ requirem5ts 7#a7 ,sup]vis+ e?ics (fices ,ea* sup]vis+ e?ics (fice %all make available on ! public website ( ! sup]vis+ e?ics (fice a copy ( any qualifi$ bl9d tru/ agreem5t ( ea* cov]$ individual4 7#b7 ,am5dm5t ,section #acaja7ah7 ( title #e1 ,unit$ ,/ates ,code1 is am5d$-- 7,a7 9 subp>agraph 7,c71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,d71 by /rik+ ! p]iod & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7,e7 ! ,f$]al ,election ,commission = a c&idate 9 an election = ! (fice ( ,presid5t1 ,vice ,presid5t1 ,unit$ ,/ates ,s5ator1 ,unit$ ,/ates ,repres5tative1 ,delegate to ,congress1 or ,resid5t ,commission] ( ,pu]to ,rico4 4 7e7 ,liability & immunity ,= purposes ( any immunities to civil or crim9al liability1 any conduct compris+ or relat+ to a prohibit$ f9ancial transaction "u ?is section %all be deem$ an un(ficial act & beyond ! scope ( ! (ficial duties ( ! relevant cov]$ individual4 7f7 ,civil p5alties 7#a7 ,civil action ,! ,attorney ,g5]al may br+ a civil action 9 any appropriate di/rict c\rt ( ! ,unit$ ,/ates aga9/ any cov]$ individual :o violates subsection 7b74 7#b7 ,civil p5alty ,any cov]$ individual :o kn[+ly violates subsection 7b7 %all be subject to a civil monet>y p5alty ( n m ?an #bej1jjj4 7#c7 ,disgorgem5t ,a cov]$ individual :o is f\nd 9 a civil action "u p>agraph 7#a7 to h violat$ subsection 7b7 %all disgorge to ! ,treasury ( ! ,unit$ ,/ates any pr(it f ! unlawful activity t is ! subject ( t civil action4 7g7 ,crim9al p5alties 7#a7 ,9 g5]al ,x %all be unlawful = a cov]$ individual to-- 7,a7 kn[+ly violate subsection 7b72 & 7,b7 ?r\gh su* violation-- 7i7 causes an aggregate loss ( n less ?an #a1jjj1jjj to #a or m p]sons 9 ! ,unit$ ,/ates2 or 7ii7 b5efits f9ancially1 ?r\gh pr(it1 ga91 or advantage1 directly or indirectly ?r\gh any family memb] or bus9ess associate ( ! cov]$ individual1 f a prohibit$ f9ancial transaction4 7#b7 ,p5alty ,a cov]$ individual :o violates p>agraph 7#a7 %all be f9$ "u title #ah1 ,unit$ ,/ates ,code1 imprison$ = n m ?an #ah ye>s1 or bo?4