The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

Learn more about this bill at https://www.govinfo.gov/app/details/BILLS-119hr3388ih

Section 1. Short Title

This Act may be cited as the ‘‘Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act’’.

Section 2. Banning Insider Trading in Congress

(a) IN GENERAL.—Chapter 131 of title 5, United States Code, is amended by adding at the end the following:

Subchapter IV—Banning Insider Trading in Congress
§ 13161. Definitions
§ 13162. Prohibition on certain transactions and holdings involving covered financial instruments
§ 13163. Certification of compliance
§ 13164. Authority of supervising ethics committees
§ 13165. Audit by Government Accountability Office.

(b) CONFORMING AMENDMENTS.—(1) TABLE OF SECTIONS.—The table of sections for chapter 131 of title 5, United States Code, is amended by adding at the end the following:

13161. Definitions.
13162. Prohibition on certain transactions and holdings involving covered financial instruments
13163. Certification of compliance
13164. Authority of supervising ethics committees
13165. Audit by Government Accountability Office.

(2) PERSONS REQUIRED TO FILE.—Section 1 13103(f) of title 5, United States Code, is amended—

(A) in paragraph (9), by striking ‘‘as defined in section 13101 of this title’’;
(B) in paragraph (10), by striking ‘‘as defined in section 13101 of this title’’;
(C) in paragraph (11), by striking ‘‘as defined in section 13101 of this title’’; and
(D) in paragraph (12), by striking ‘‘as defined in section 13101 of this title’’.