The Public Service Accountability Act

Sponsor: Maggie Goodlander (Democratic-NH)June 24, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bans Members of Congress and top federal officials from owning or trading individual stocks and other investments.

This bill would ban Members of Congress, their spouses, and many other top federal officials from owning or trading individual stocks, commodities, or futures. They would have to sell off any existing investments within 90 or 180 days. This changes current rules that allow them to trade, though with some restrictions.

What Would Change

Today, Members of Congress and other federal officials can generally own and trade stocks, though they must follow ethics rules. This bill would ban them, their spouses, and dependent children from owning or trading most individual stocks and other investments, requiring them to sell existing holdings within 90 or 180 days.

Key Provisions

Bans Members of Congress and many other top federal officials, their spouses, and dependent children from owning or trading most individual stocks and other investments.
Requires these officials to sell off any existing banned investments within 180 days if they are already serving, or 90 days if they are new to their roles.
Requires any banned investments held in qualified blind trusts to be sold by the set deadline.
Imposes a fine equal to 10 percent of the investment's value and requires giving up any profits for those who break the rules.
Lets officials who must sell investments get a special tax benefit for doing so.
Makes information about fines assessed, the reasons, and results publicly available on a government website.

View on Congress.gov

HR 9429 · 119th Congress · June 24, 2026 · AI Summary by gemini-2.5-flash · 10/10

The Public Service Accountability Act

What Would Change

Key Provisions

Lobbying Activity