House bill would force members of Congress to sell stocks or resign
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Table of Contents
A bill titled the “Sell Your Stocks or Step Down Act” was introduced in the U.S. House of Representatives. The text provided does not include the full legislative language, but the title indicates the core mechanism: members of Congress would be required to sell their personal stock holdings or resign from office.
Why it matters: This is a proposed change to congressional ethics and eligibility rules. It has no legal force until it passes both chambers of Congress and is signed by the President. At this stage, it is a legislative proposal that has entered the committee review process. It does not change any current laws or regulations.
Who it affects
- Members of the U.S. House of Representatives
This is a bill introduced in the U.S. House of Representatives, available on Congress.gov; readers should check the full text of the bill for specific definitions, exemptions, and enforcement mechanisms before relying on this summary.
Agency: House
Source: Congress.gov — read the official document