,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dacd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #ah1    
#bjbf,mr4 ,ricketts 7for himself1 ,mr4  
,mc,cormick1 ,mr4 ,husted1 ,mrs4        
,fischer1 ,mr4 ,marshall1 ,mr4 ,cassidy1
 and ,mr4 ,young7 introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,homeland
 ,security and ,governmental ,affairs   
,a ,,bill  ,to amend chapter #aca of    
title #e1 ,united ,states ,code1 to     
require certain restrictions on stocks  
for ,members of ,congress and their     
spouses and dependents1 and for other   
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,stop ,insider      
,trading ,act4  #b4 ,restrictions on    
covered investments  7a7 ,table of      
contents ,the table of contents for     
chapter #aca of title #e1 ,united       
,states ,code1 is amended by adding at  
the end the following3  ,subchapter     
,,iv--,restrictions on covered          
investments#acaea4 ,definitions4#acaeb4 

,restrictions on covered                
investments4#acaec4 ,penalties4  4  7b7 
,restrictions ,chapter #aca of title #e1
 ,united ,states ,code1 is amended by   
adding at the end the following3  ,,iv  
,restrictions on covered investments    
#acaea4 ,definitions ,in this           
subchapter3 7#a7 ,covered individual    
,the term covered individual means any  
of the following3 7,a7 ,a ,member of    
,congress1 as defined in section #acaja4
  7,b7 ,a dependent child 7as defined in
 section #acaja7 or a spouse of a       
,member of ,congress4  7#b7 ,covered    
investment  7,a7 ,in general ,the term  
covered investment means-- 7i7 a        
security issued by a publicly traded    
company2 or  7ii7 any derivative1       
option1 warrant1 swap1 or other         
instrument that provides economic       
exposure to1 or the value of which is   
determined by reference to1 a security  
described in clause 7i74  7,b7          
,exclusion ,the term covered investment 
does not include-- 7i7 an excepted      

investment fund 7as described in section
 #acajd7;f77#h772  7ii7 any other fund  
that would be an excepted investment    
fund but for the fact that the fund does
 not meet the diversification           
requirement solely because the fund is  
concentrated in-- 7,i7 the ,united      
,states2 or  7,,ii7 the ,state1         
territory1 or ,district of residence of 
the covered individual who owns the     
fund2  7iii7 an interest in a small     
business concern1 as defined in section 
#c of the ,small ,business ,act 7#ae    
,u4,s4,c4 #fcb72 or  7iv7 any investment
 held in a trust if-- 7,i7 no covered   
individual has any authority1 directly  
or indirectly1 to direct1 veto1 or      
materially influence any specific       
investment decisions of the trust1      
including any right to approve1         
disapprove1 or require particular       
purchases1 sales1 or investment         
strategies2 and  7,,ii7 the trustee of  
the trust is not the spouse1 child1     
parent1 or sibling of a ,member of      

,congress4  7#c7 ,publicly traded       
company ,the term publicly traded       
company means an issuer that has a class
 of securities registered under section 
#ab of the ,securities ,exchange ,act of
 #aicd 7#ae ,u4,s4,c4 #ghl74  7#d7      
,security ,the term security has the    
meaning given the term in section #c7;a7
 of the ,securities ,exchange ,act of   
#aicd 7#ae ,u4,s4,c4 #gh;c7a774  7#e7   
,supervising ethics office ,the term    
supervising ethics office has the       
meaning given the term in section       
#acaja4  #acaeb4 ,restrictions on       
covered investments  7a7 ,conduct during
 ,federal service ,except as described  
in subsection 7c71 no covered individual
 may purchase a covered investment4  7b7
 ,advanced notice requirement  7#a7 ,in 
general ,no covered individual may sell 
a covered investment1 unless a notice of
 intent to sell the covered investment  
is made by the relevant ,member of      
,congress1 on behalf of the ,member of  
,congress or the spouse or dependent    

child of the ,member of ,congress1 as   
applicable1 and publicly disclosed at   
least #g calendar days1 and not more    
than #ad calendar days1 prior to the    
sale in accordance with the requirements
 of this subsection4  7#b7 ,contents of 
notice ,the notice under paragraph 7#a7 
shall include the following3 7,a7 ,the  
projected date of sale of a covered     
investment4  7,b7 ,a description of such
 sale4  7,c7 ,the number of shares in   
such sale4  7#c7 ,withdrawal ,the notice
 under paragraph 7#a7 shall be withdrawn
 by the ,member of ,congress who filed  
it1 prior to the close of the expiration
 of the notice1 if the covered          
individual to whom the notice applies   
determines not to sell the covered      
investment4  7#d7 ,filing ,a ,member of 
,congress shall file the notice under   
paragraph 7#a7 for each intended sale by
 the ,member of ,congress1 or the spouse
 or dependent child of the ,member of   
,congress1 with-- 7,a7 the ,clerk of the
 ,house of ,representatives1 in the case

 of a ,representative in ,congress1 a   
,delegate to ,congress1 or the ,resident
 ,commissioner from ,puerto ,rico2 or   
7,b7 the ,secretary of the ,senate1 in  
the case of a ,senator4  7#e7           
,publication ,the notice under paragraph
 7#a7 and the withdrawal under paragraph
 7#c7 shall1 upon receipt1 be made      
publicly available on a website         
controlled by the ,clerk of the ,house  
of ,representatives or the ,secretary of
 the ,senate1 as applicable4  7c7       
,exceptions  7#a7 ,occupation ,the      
requirements of subsections 7a7 and 7b7 
shall not apply to a spouse or dependent
 child of a ,member of ,congress with   
respect to a transaction in a covered   
investment which is-- 7,a7 on behalf1 or
 for the benefit1 of any person other   
than a covered individual2 or  7,b7 made
 as a part of compensation from an      
employer of such individual or in       
furtherance of any fiduciary or         
occupational obligations of such        
individual4  7#b7 ,other ,the           

requirements of subsection 7a7 shall not
 apply to a covered individual with     
respect to a transaction in a covered   
investment made for the purpose of      
reinvesting dividends received from such
 covered investment4  #acaec4           
,enforcement  7a7 ,in general ,any      
covered individual who violates the     
restrictions under section #acaeb with  
respect to a covered investment1 shall1 
at the direction of the supervising     
ethics office-- 7#a7 incur a fee1 as    
calculated under subsection 7b71 to be  
paid by the ,member of ,congress who--  
7,a7 caused the violation2 or  7,b7 is  
the spouse or parent of the covered     
individual who caused the violation2 and
  7#b7 in the case of a purchase of a   
covered investment1 be required to sell 
the covered investment purchased in     
violation of section #acaeb7;a74  7b7   
,calculation of fees ,the fee required  
under subsection 7a77#a7 shall be equal 
to the sum of-- 7#a7 #b1jjj or #aj      
percent of the value of the transaction 

in the covered investment that violates 
section #acaeb1 whichever is greater2   
and  7#b7 the net gain realized1 if any1
 from the covered investment during the 
period beginning on the most recent date
 on which the individual became a       
covered individual and ending on the    
date of disposition of the covered      
investment1 as determined by the        
supervising ethics office4  7c7 ,payment
 restrictions ,a ,member of ,congress   
may not pay any of the fees under this  
section by using amounts from the       
following sources3 7#a7 ,if the covered 
individual is a ,senator1 the ,senators'
 ,official ,personnel and ,office       
,expense ,account4  7#b7 ,if the covered
 individual is a ,member of the ,house  
of ,representatives1 the ,members'      
,representational ,allowance4  7#c7 ,any
 contribution 7as defined in section    
#cja of the ,federal ,election ,campaign
 ,act of #aiga 7#eb ,u4,s4,c4 #cjaja77  
accepted as a candidate 7as defined in  
that section71 and any other donation   

received as support for activities of   
the covered individual as a holder of   
,federal office 7as defined in that     
section74  7d7 ,miscellaneous receipts  
,any amounts collected in fees          
authorized by this section shall be     
deposited in the general fund of the    
,treasury as miscellaneous receipts in  
accordance with section #ccjb7;b7 of    
title #ca4  7e7 ,referral ,upon the     
assessment of a fee under this section1 
the supervising ethics office may refer 
a ,member of ,congress to the ,attorney 
,general in the same manner and to the  
same extent as a violation under section
 #acajf if such ,member of ,congress    
resigns or retires before paying such   
assessed fee4  7f7 ,interpretative      
guidance ,each supervising ethics office
 may issue interpretative guidance      
relating to this subchapter and1 in     
issuing such guidance1 may consider     
mitigating or aggravating circumstances4
  4  7c7 ,effective date ,the amendments
 made by this ,act shall take effect on 

the date that is #ahj days after the    
date of enactment of this ,act4