H.R. 3779: STOCK Act 2.0

The bill known as STOCK Act 2.0 is designed to enhance transparency and accountability among federal officials, particularly those in Congress. It introduces several key provisions aimed at financial reporting and ethical conduct:

Financial Reporting Requirements

The bill requires senior government officials to report any federal payments they receive. This is intended to ensure transparency regarding any financial interests that may influence their decision-making.

Enhanced Disclosure for Congress Members

Members of Congress and their staff will face stricter financial disclosure requirements. This means they will have to provide more detailed information about their financial assets and transactions, allowing the public to better understand potential conflicts of interest.

Stock Trading Ban

To further mitigate conflicts of interest, the bill prohibits certain officials from engaging in stock trading. This is aimed at preventing individuals in positions of power from profiting from non-public information that could influence their investment decisions.

Increased Penalties for Noncompliance

The legislation also expands penalties for failing to comply with these new requirements. This is designed to enforce the rules more effectively and encourage adherence among those affected.

Overall Objective

The overarching goal of this bill is to promote greater integrity and trust in government by reducing opportunities for corruption and conflicts of interest. By increasing financial transparency, it seeks to reassure the public that their elected representatives and senior officials are acting in the public's best interest.

Relevant Companies

None found.