Senate would urge bans on officials profiting from government stock deals

The Senate would oppose covered officials and relatives profiting when the government gains an ownership share in a private company. The position would cover the president, vice president, Cabinet members, members of Congress, officials involved in federal ownership deals, and their spouses, children, and children’s spouses. This includes profits through company ownership and fees or other payments tied to the deal. The resolution would not create a legal ban.

The Senate would oppose covered officials and relatives buying or receiving ownership shares the government sells or transfers. The position would cover the president, vice president, Cabinet members, members of Congress, officials involved in federal ownership deals, and their spouses, children, and children’s spouses. The position also covers payments tied to those sales or transfers. The resolution would not create a legal ban.