NO STOCK Resolution
Source: Congress.gov ·
246 words in original text
What This Bill Does
This bill would change the House of Representatives' rules to ban Members of Congress from owning stock (a share of ownership) in individual public companies. The bill modifies the existing Code of Official Conduct, which sets ethical rules for House members.
Who It Affects
Members of the House of Representatives, Delegates, and Resident Commissioners (representatives from U.S. territories).
Key Provisions
- Members of the House, Delegates, and Resident Commissioners cannot own common stock (regular ownership shares) of any individual public corporation (Sec. 2).
What Changes
If this bill becomes law, a new clause 22 would be added to Rule XXIII (the Code of Official Conduct) in the House Rules, creating the stock ownership ban described above.
Important Definitions
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.