,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bhgg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #ah          
7legislative day1 ,septemb] #af71 #bjbe 
,mrs4 ,gillibr& introduc$ ! foll[+ bill2
 :i* 0 read twice & ref]r$ to !         
,committee on ,homel& ,security &       
,gov]nm5tal ,affairs  ,a ,,bill  ,to ban
 /ock trad+ = c]ta9 s5ior ,gov]nm5t     
(ficials1 & = o!r purposes4  #a4  ,%ort 
title  ,?is ,act may be cit$ z ! ,no    
,/ock ,act4  #b4  ,bann+ conflict$      
int]e/s  7a7  ,9 g5]al  7#a7  ,bann+    
conflict$ int]e/s  ,*apt] #aca ( title  
#e1 ,unit$ ,/ates ,code1 is am5d$ by    
add+ at ! end ! foll[+3  ,,iv  ,bann+   
conflict$ int]e/s  #acafa4  ,def9itions 
,9 ?is sub*apt]3 7#a7 ,commodity ,! t]m 
commodity has ! mean+ giv5 ! t]m 9      
section #a;a ( ! ,commodity ,ex*ange    
,act 7#g ,u4,s4,c4 #a;a74  7#b7  ,cov]$ 
f9ancial int]e/  7,a7  ,9 g5]al  ,! t]m 
cov]$ f9ancial int]e/ 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 future2  7,,iii7 a commodity 7z
 def9$ 9 section #a;a ( ! ,commodity    
,ex*ange ,act 7#g ,u4,s4,c4 #a;a772 or  
7,,iv7 a cryptocurr5cy1 meme co91 tok51 
non-fungible tok51 or o!r digital asset 
t is sold = remun]ation2 &  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 int]e/ does n     
include--  7i7 an inve/m5t fund regi/]$ 
z an inve/m5t company "u section #c ( ! 
,inve/m5t ,company ,act ( #aidj 7#ae    
,u4,s4,c4 #hj;a-#c7 t is div]sifi$1 z   
def9$ 9 section #bfdj4ajb ( title #e1   
,code ( ,f$]al ,regulations2  7ii7      
comp5sation f ! prim>y occupation ( !   
sp\se ( an individual describ$ 9        
subp>agraphs 7,a7 ?r\gh 7,g7 ( p>agraph 
7#c71 or any security t is issu$ or paid
 by an op]at+ bus9ess t is ! prim>y     
employ] ( su* a sp\se t is issu$ or paid

 to su* a sp\se2  7iii7 a ,unit$ ,/ates 
,treasury bill1 note1 or bond2 or  7iv7 
a paym5t /ableco91 z def9$ 9 section    
#b7bb7 ( ! ,,g5ius ,act 7,public ,law   
#aai-bg74  7#c7  ,cov]$ individual  ,!  
t]m cov]$ individual means-- 7,a7 a     
,memb] ( ,congress 7z def9$ 9 section   
#acaja72  7,b7 ! ,presid5t2  7,c7 !     
,vice ,presid5t2  7,d7 ! ,*ief ,ju/ice (
 ! ,unit$ ,/ates2  7,e7 an ,associate   
,ju/ice ( ! ,supreme ,c\rt ( ! ,unit$   
,/ates2  7,f7 a memb] ( ! ,bo>d (       
,gov]nors ( ! ,f$]al ,res]ve ,sy/em2    
7,g7 a presid5t or vice presid5t ( a    
,f$]al ,res]ve bank2 or  7,h7 ! sp\se or
 dep5d5t *ild ( an individual describ$ 9
 subp>agraphs 7,a7 ?r\gh 7,g74  7#d7    
,dep5d5t *ild  ,! t]m dep5d5t *ild means
 any individual :o is--  7,a7 "u ! age (
 #ai2 &  7,b7 a dep5d5t ( an individual 
describ$ 9 subp>agraphs 7,a7 ?r\gh 7,g7 
( p>agraph 7#c7 )9 ! mean+ ( section    
#aeb ( ! ,int]nal ,rev5ue ,code ( #aihf4
  7#e7  ,future  ,! t]m future means--  
7,a7 a security future 7z def9$ 9       

section #c7;a7 ( ,securities ,ex*ange   
,act ( #aicd 7#ae ,u4,s4,c4 #gh;c7a7772 
&  7,b7 any o!r contract = ! sale ( a   
commodity = future deliv]y4  7#f7       
,sup]vis+ e?ics (fice  ,! t]m sup]vis+  
e?ics (fice1 ) respect to a cov]$       
individual1 has ! mean+ giv5 ! t]m 9    
section #acaja ) respect to t cov]$     
individual4  #acafb4  ,prohibitions  7a7
  ,transactions  ,except z provid$ 9    
section #acafc1 no cov]$ individual     
may--  7#a7 hold1 pur*ase1 sell1 or     
conduct any type ( transaction ) respect
 to a cov]$ f9ancial int]e/2 or  7#b7   
ent] into a transaction t creates a net 
%ort position 9 any security4  7b7      
,positions  ,a cov]$ individual may n   
s]ve z an (fic] or memb] ( any bo>d (   
any =-pr(it association1 corporation1 or
 o!r entity4  7c7  ,cool+-,(f p]iod     
,any individual subject to ! re/rictions
 conta9$ 9 subsection 7a7 :o1 )9 #abj   
days aft] su* individual ceases to be a 
cov]$ individual1 engages 9 any ( !     
actions "u su* subsection1 %all be 9    

violation ( ?is sub*apt]4  #acafc4      
,dive/iture  7a7  ,cov]$ f9ancial       
int]e/s acquir$ prior to ,f$]al s]vice  
or enactm5t ( ,no ,/ock ,act  ,) respect
 to any cov]$ f9ancial int]e/ held by a 
cov]$ individual1 ! cov]$ individual    
%all sell ! cov]$ f9ancial int]e/ dur+ !
 applicable #abj-;day p]iod beg9n+ on ! 
lat] (--  7#a7 ! date on :i* an         
individual becomes a cov]$ individual2 &
  7#b7 ! date ( enactm5t ( ! ,no ,/ock  
,act4  7b7  ,cov]$ f9ancial int]e/s     
acquir$ ?r\gh inh]itance aft] !         
applicable p]iod  7#a7  ,9 g5]al  ,a    
cov]$ individual :o inh]its a cov]$     
f9ancial int]e/ aft] ! conclusion ( !   
applicable #abj-;day p]iod describ$ 9   
subsection 7a7 %all sell ! cov]$        
f9ancial int]e/ dur+ ! #abj-;day p]iod  
beg9n+ on ! date on :i* ! cov]$ f9ancial
 int]e/ is inh]it$4  7#b7  ,ext5sions   
,a cov]$ individual may reque/1 & !     
sup]vis+ e?ics (fice may grant1 #a or m 
reasonable ext5sions ( ! p]iod describ$ 
"u p>agraph 7#a71 subject to !          

conditions t--  7,a7 ! total p]iod ( "t 
cov]$ by all ext5sions grant$ = ! cov]$ 
f9ancial int]e/ %all n exce$ #aej days2 
&  7,b7 ! p]iod cov]$ by a s+le ext5sion
 %all be n long] ?an #de days4  #acafd4 
,c]tificate ( compliance  ,ea* cov]$    
individual %all submit to ! sup]vis+    
e?ics (fice a writt5 c]tification t su* 
cov]$ individual has a*iev$ compliance )
 ! requirem5ts ( ?is sub*apt]4  #acafe4 
,publication  ,ea* sup]vis+ e?ics (fice 
%all make publicly available on a       
website ( su* (fice ! foll[+3  7#a7 ,)9 
#cj days ( receipt1 ea* reque/ = an     
ext5sion "u section #acafc7;b77#b74     
7#b7 ,! outcome ( ! decision to grant or
 d5y ea* su* reque/ )9 #cj days ( su*   
decision4  #acaff4  ,en=cem5t  ,a cov]$ 
individual :o kn[+ly fails to comply )  
?is sub*apt] %all be assess$ a f9e by ! 
sup]vis+ e?ics (fice ( n less ?an #aj   
p]c5t ( ! value ( ! cov]$ f9ancial      
int]e/ t 0 pur*as$1 sold1 or held1 or ! 
security 9 :i* a net %ort position 0    
creat$1 9 violation ( ?is title1 z      

applicable4  #acafg4  ,applicability    
,?is sub*apt] %all apply to any cov]$   
f9ancial int]e/ held 9 any tru/ )       
respect to :i* ! cov]$ individual is a  
b5eficial own]1 reg>dless ( :e!r ! tru/ 
is a qualifi$ bl9d tru/4  4  7#b7       
,cl]ical am5dm5t  ,! table ( sections = 
*apt] #aca ( title #e1 ,unit$ ,/ates    
,code1 is am5d$ by add+ at ! end !      
foll[+3  ,sub*apt] ,,iv--,bann+         
,conflict$ ,int]e/s ,sec4 #acafa4       
,def9itions4 ,sec4 #acafb4              
,prohibitions4 ,sec4 #acafc4            
,dive/iture4 ,sec4 #acafd4 ,c]tificate (
 compliance4 ,sec4 #acafe4 ,publication4
 ,sec4 #acaff4 ,en=cem5t4 ,sec4 #acafg4 
,applicability4  7b7  ,c]tificate (     
dive/iture  ,section #ajdc7;b77#b77;,b7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ to read z foll[s3  7,b7 t has be5 
issu$ by-- 7i7 ! ,presid5t or !         
,director ( ! ,(fice ( ,gov]nm5t ,e?ics1
 9 ! case ( executive bran* (fic]s or   
employees or ! sp\se or dep5d5t *ild ( a
 memb] ( ! ,bo>d ( ,gov]nors ( ! ,f$]al 

,res]ve ,sy/em1  7ii7 ! ,director ( !   
,(fice ( ,gov]nm5t ,e?ics1 9 ! case ( ! 
,presid5t1 ,vice ,presid5t1 or ! sp\se  
or dep5d5t *ild ( ! ,presid5t or ,vice  
,presid5t1  7iii7 ! ,judicial ,conf]5ce 
( ! ,unit$ ,/ates 7or its designee71 9 !
 case ( judicial (fic]s or ! sp\se or   
dep5d5t *ild ( ! ,*ief ,ju/ice or !     
,associate ,ju/ice1  7iv7 ! applicable  
congressional e?ics committee1 9 ! case 
( ,memb]s ( ,congress or ! sp\se or     
dep5d5t *ild ( a ,memb] ( ,congress1 or 
7v7 ! ,inspector ,g5]al ( ! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em & ! 
,bureau ( ,consum] ,f9ancial            
,protection1 9 ! case ( a presid5t ( a  
,f$]al ,res]ve bank1 vice presid5t ( a  
,f$]al ,res]ve bank1 or ! sp\se or      
dep5d5t *ild ( ! presid5t or vice       
presid5t ( a ,f$]al ,res]ve ,bank1 &  4 
7c7  ,con=m+ am5dm5ts  7#a7  ,au?ority &
 functions  ,section #acabb7;f77#b77;,b7
 ( title #e1 ,unit$ ,/ates ,code1 is    
am5d$-- 7,a7 by /rik+ ,subject to clause
 7iv7 ( ?is subp>agraph1 be=e ea* place 

x appe>s & ins]t+ ,be=e2 &  7,b7 by     
/rik+ clause 7iv74  7#b7 ,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  7#c7   
,,/ock ,act  ,section #b ( ! ,,/ock ,act
 7#e ,u4,s4,c4 #acaja note7 is am5d$--  
7,a7 9 p>agraph 7#b77;,b71 by /rik+     
7#aa72  7,b7 9 p>agraph 7#d71 by /rik+  
7#aj72  7,c7 9 p>agraph 7#e71 by /rik+  
7#i72 &  7,d7 9 p>agraph 7#f71 by /rik+ 
7#ah74  7#d7 ,securities ,ex*ange ,act (
 #aicd ,section #ba;,a ( ! ,securities  
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#ghu-#a7 is am5d$--  7,a7 9 subsection  
7g77#b77;,b77ii71 by /rik+ 7#aa72 &     
7,b7 9 subsection 7h77#b7-- 7i7 9       
subp>agraph 7,b71 by /rik+ 7#i72 &  7ii7
 9 subp>agraph 7,c71 by /rik+ 7#aj74