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This bill prohibits Members of Congress and their spouses and dependent children from purchasing individual stocks in publicly traded companies or synthetic equivalents (such as derivatives). Members must provide 7–14 days' public notice before selling covered investments, with details of the transaction. Violations result in fees of at least $2,000 or 10 percent of the transaction value (whichever is greater), plus any net gains realized, and forced sale of improperly purchased securities. The restrictions take effect 180 days after enactment.
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