What does Preamble of No Getting Rich in Congress Act do?

This bill, formally titled 'To require new ethics obligations and restrictions for Members of Congress, their spouse, and dependents, and for other purposes,' aims to establish new ethics obligations and restrictions. The bill is referred to the Committee on House Administration, and additionally to the Committees on Oversight and Government Reform, the Judiciary, and Rules.

What does SHORT TITLE. of No Getting Rich in Congress Act do?

This bill is formally titled the ``No Getting Rich in Congress Act''.

What does RESTRICTIONS ON TRADE OF COVERED INVESTMENTS. of No Getting Rich in Congress Act do?

This section amends Chapter 131 of title 5, United States Code, to establish restrictions on the trade of covered investments. It defines key terms including 'commodity,' 'covered individual,' 'covered investment,' 'digital asset,' and 'diversified'. Generally, covered individuals (including Members of Congress, the President, Vice President, and candidates for office) are prohibited from buying or selling covered investments unless they are held in a qualified blind trust. An exception exists for covered individuals described as the Vice President, who may trade covered investments if the investment is not owned by a covered individual and the trade is part of the spouse or dependent child's primary occupation. Covered individuals must disclose information to the supervising ethics office on a quarterly basis to ensure compliance. Violations of these restrictions can result in penalties, including payment into the Treasury equal to profits and potentially three times the value of the covered investment. Members of Congress or candidates cannot pay penalties using certain funds, such as the Members' Representational Allowance or campaign contributions. Each supervising ethics office must publish descriptions of violations and penalties on a publicly available website.

What does LIFETIME BAN ON FORMER MEMBERS OF CONGRESS AND INDIVIDUALS of No Getting Rich in Congress Act do?

This section amends Title 18, United States Code, to establish restrictions on lobbying activities. It prohibits former Members of Congress, former Senators, and individuals appointed to positions requiring Senate confirmation from representing or advising foreign countries of concern. The prohibition applies to actions taken after leaving office. The intent of the restriction is to prevent influencing decisions of U.S. government officials. Punishment for violating this restriction is outlined in section 216 of Title 18. The term 'foreign country of concern' is defined to include the People's Republic of China, the Democratic People's Republic of Korea, the Russian Federation, the Islamic Republic of Iran, and any other country designated by the Secretary of State.

What does REGISTRATION OF SPOUSES OF SENIOR FEDERAL OFFICIALS AND of No Getting Rich in Congress Act do?

This section establishes registration and disclosure requirements for spouses of senior federal officials, referred to as 'covered Federal officials'. Spouses of covered Federal officials must register with the Secretary of the Senate and Clerk of the House of Representatives within 45 days of guidance issuance, or within 45 days of the official's service commencement. Spouses already registered under the Lobbying Disclosure Act of 1995 are exempt from these new registration requirements. Registered spouses must disclose quarterly any 'covered advocacy activities', including client names, issue details, contacts made, and expenses incurred. The guidance will outline registration and reporting procedures, electronic filing processes, and verification methods. Penalties for non-compliance include civil fines of up to $200,000 and, in cases of knowing and corrupt violations, potential imprisonment for up to 5 years. ’Covered advocacy activity’ includes utilizing contacts made available due to the service of the covered Federal official and work completed over 2 or more quarterly periods.

What does PROHIBITION WITH RESPECT TO SERVING ON CORPORATE BOARDS FOR of No Getting Rich in Congress Act do?

This section prohibits Members of Congress and their spouses from serving as officers or members of for-profit corporate boards. An exception is made for spouses who held board positions prior to the Act's enactment or prior to their spouse becoming a Member of Congress. Spouses with this exception may continue serving the remainder of their existing board term but cannot seek officer positions during that term or serve on additional terms while their spouse is a Member of Congress. Spouses continuing board service under the exception must submit quarterly reports to the Secretary of the Senate and the Clerk of the House of Representatives. These reports must detail board service and any lobbying activity by the entity, including the spouse’s involvement. The Senate and House will publicly disclose these reports on their respective websites.

What does DISCLOSURE REQUIREMENTS WITH RESPECT TO GIFTS RECEIVED BY of No Getting Rich in Congress Act do?

This section amends the Rules of the House of Representatives regarding disclosure requirements for gifts received by Members of Congress. The amendments expand the definition of who must be disclosed to include 'covered relatives' of Members, Delegates, and Resident Commissioners. A 'covered relative' is defined as an individual legally married to a Member, Delegate, or Resident Commissioner, unless they are a registered lobbyist under the Lobbying Disclosure Act of 1995. The Senate's Standing Rules are also modified to apply similar disclosure requirements to the spouses of Senators, with the same exception for registered lobbyists. Specific paragraphs within both the House and Senate rules are amended to incorporate these changes.

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No Getting Rich in Congress Act

Last updated: 3/5/2026 · Introduced: 3/5/2026

Author: Haley Stevens (D-MI)

TL;DR (AI)

This bill restricts Members of Congress, the President, and Vice President from trading covered investments unless held in a qualified blind trust, with exceptions for the Vice President's spouse's or dependent child's primary occupation.
It prohibits former Members of Congress and certain appointees from lobbying on behalf of designated 'foreign countries of concern,' such as China, Russia, and Iran.
Spouses of senior federal officials must register and disclose their 'covered advocacy activities' quarterly, facing potential fines and imprisonment for non-compliance.
Members of Congress and their spouses are prohibited from serving on for-profit corporate boards, with a limited exception for those already holding positions before the Act's enactment.
The bill expands gift disclosure requirements to include 'covered relatives' of Members of Congress, Delegates, and Resident Commissioners, and applies similar rules to spouses of Senators.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 5 more.

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