No Getting Rich in Congress Act

Bill Number: HR 7852|Origin Chamber: House|Status: Referred to the Committee on House Administration, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Rules, 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.|Policy Area: Congress

TL;DR

What

Bans insider-style trading, foreign lobbying, and board service for members and families.

Who

Rep. Stevens (D-MI) and bipartisan co-sponsors.

Status

In committee, no House vote yet.

This bill would stop members of Congress, the President, Vice President, and candidates from buying or selling stocks, crypto, and other investments. It also bans former members from ever lobbying for China, Russia, Iran, or North Korea. Spouses would have to register lobbying activities quarterly and face fines up to $200,000. Sponsors include Reps. Tran (R-CA), Salinas (D-OR), Sorensen (D-IL), Kaptur (D-OH), and Pappas (D-NH). The bill is in four committees—House Administration, Oversight, Judiciary, and Rules—so no floor vote is scheduled.

Cosponsors

No cosponsors found.

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Where Is This Bill?

Introduced

Committee

House Vote

Senate

Law

Introduced Mar 5, 2026

This bill is under review by a committee. The committee holds hearings, gathers testimony from experts and stakeholders, and may propose amendments. If the committee votes to advance it, the bill moves to the full chamber for debate and a vote.

If This Passes, You Might Notice

•Members of Congress could no longer trade individual stocks or crypto.
•Former members could never lobby for China, Russia, Iran, or North Korea.
•Spouses of members would have to publicly report lobbying and advocacy work.

The trading ban applies to members, the President, Vice President, candidates, and their spouses and dependent children. It covers stocks, commodities, futures, digital assets, and derivatives, with exceptions for diversified mutual funds, Treasury bonds, and municipal bonds. Violations can lead to confiscation of profits plus up to triple damages. The lifetime lobbying ban for foreign countries of concern covers any representation or advice after leaving office. Spouses of top officials must register and file quarterly reports on any advocacy activities, with civil fines up to $200,000 and possible 5-year prison terms for corrupt failures to comply.

The Debate

Supporters Say

Supporters say this bill closes loopholes that let members profit from insider knowledge and prevents foreign influence after leaving office.

Critics Say

Critics argue the broad trading ban could discourage qualified people from running for office and that the spouse lobbying rules are overly burdensome.

Supporters point to polls showing most Americans want Congress to stop stock trading. They note that the bill covers candidates and family members to prevent evasion. Critics contend that a total ban on individual stock ownership goes beyond what is necessary and that spouse reporting requirements are intrusive, potentially deterring people with spouses in business from serving.