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This bill prohibits Members of Congress, the President, Vice President, and their spouses and dependent children from owning or trading stocks, commodities, futures, and other covered investments while in federal service. Covered individuals must divest existing holdings within 180 days (or 90 days if they become covered after enactment), with exceptions for diversified investment funds, government bonds, small business interests, and certain family trusts. Violations result in a 10% fee on the investment value plus disgorgement of profits, which cannot be paid using official allowances or campaign contributions.
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