H.R. 358 (119th)Bill Overview

No Corruption in Government Act

Congress|Commodities marketsCongress
Cosponsors
Support
Republican
Introduced
Jan 13, 2025
Discussions
Bill Text
Current stageCommittee

Referred to the Committee on House Administration, and in addition to the Committees on Ways and Means, the Judiciary, and Oversight and Government Reform, for a period to be subs…

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Plain-English summaryWhat this bill actually does

The No Corruption in Government Act would (1) ban Members of Congress and their spouses from holding, buying, or selling most securities, commodities, and synthetic derivatives during a Member’s term, with limited exceptions and certification/audit requirements; (2) lengthen post‑employment lobbying bans to 6 years for former Senators and 3 years for former House Members (with a 1‑year rule for certain officers); and (3) repeal the automatic cost‑of‑living adjustment for Members’ pay. The bill creates disgorgement, tax, and civil‑fine penalties for violations, requires public certification of compliance, and phases in effective dates across Congresses and departures from office.

Why people may split

Progressives prioritize anti‑corruption and transparency measures

Watch point

Relative to its intended legislative type, this bill clearly identifies substantive statutory changes and supplies many concrete elements (definitions, exceptions, timelines, audit/certification requirements, and explicit edits to existing statutes).

The No Corruption in Government Act would (1) ban Members of Congress and their spouses from holding, buying, or selling most securities, commodities, and synthetic derivatives during a Member’s term, with limited exceptions and certification/audit requirements; (2) lengthen post‑employment lobbying bans to 6 years for former Senators and 3 years for former House Members (with a 1‑year rule for certain officers); and (3) repeal the automatic cost‑of‑living adjustment for Members’ pay.

The bill creates disgorgement, tax, and civil‑fine penalties for violations, requires public certification of compliance, and phases in effective dates across Congresses and departures from office.

Passage30/100

Content is broadly popular in rhetoric but directly constrains lawmakers and requires both chambers to approve; Senate hurdles and probable intra-Congress resistance reduce odds.

CredibilityPartially aligned

Relative to its intended legislative type, this bill clearly identifies substantive statutory changes and supplies many concrete elements (definitions, exceptions, timelines, audit/certification requirements, and explicit edits to existing statutes). It integrates with existing law through targeted amendments and clerical changes.

Contention72/100

Progressives prioritize anti‑corruption and transparency measures

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
Likely helpedLikely burdened

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • Potential benefitReduces Members' ability to trade many securities while in office, lowering insider trading opportunities.
  • Potential benefitExtends post-employment cooling-off periods, decreasing near-term influence-peddling and lobbying by former members.
  • Potential benefitPublic certifications and biennial audits increase transparency and oversight of lawmakers' financial compliance.
Likely burdened
  • Potential burdenMembers and spouses may face reduced investment choices and potential forced divestments, affecting personal finances.
  • Potential burdenCompliance, certification, publication, and biennial audits increase administrative workload and enforcement costs.
  • Potential burdenDisgorgement, fines, and denied tax deductions could penalize inadvertent or technical violations disproportionately.
03 · Why people split

Why the argument around this bill splits.

Progressives prioritize anti‑corruption and transparency measures
Progressive90%

Overall supportive.

The bill directly targets conflicts of interest, insider trading, and the revolving door, which aligns with progressive priorities on transparency and reducing elite capture.

It strengthens ethics oversight through audits and public certifications.

Leans supportive
Centrist65%

Cautiously favorable but pragmatic.

The core aims—preventing insider advantage and cooling the revolving door—are sensible, but practical implementation, legal defensibility, and privacy impacts need clarity.

Would seek measured fixes to reduce unintended consequences.

Split reaction
Conservative25%

Mostly opposed.

The bill is viewed as federal overreach into private financial affairs, potentially infringes on property and employment freedoms, and may burden former employees’ right to work.

The pay‑adjustment repeal is a modest redeeming feature.

Likely resistant
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood30/100

Content is broadly popular in rhetoric but directly constrains lawmakers and requires both chambers to approve; Senate hurdles and probable intra-Congress resistance reduce odds.

Scope and complexity
52%
Scopemoderate
52%
Complexitymedium
Why this could stall
  • Level of support among rank-and-file Members
  • Potential legal challenges to investment or penalty provisions
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

Progressives prioritize anti‑corruption and transparency measures

Content is broadly popular in rhetoric but directly constrains lawmakers and requires both chambers to approve; Senate hurdles and probable…

Unlocked analysis

Relative to its intended legislative type, this bill clearly identifies substantive statutory changes and supplies many concrete elements (definitions, exceptions, timelines, audit/certification requirements, and explic…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

Perspective breakdownsPassage barriersLegislative design reviewStakeholder impact map
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