Members of Congress can legally trade stocks using information the public doesn't have? This bill wants to end that.

Rep. Haley Stevens of Michigan has introduced the No Getting Rich in Congress Act, one of the most sweeping ethics bills in recent years. It would ban the President, Vice President, members of Congress, their spouses, and dependents from buying or selling stocks, futures, commodities, and cryptocurrency while in office.

The bill goes beyond trading. It would prohibit lawmakers and their spouses from serving on corporate boards, block former officials from lobbying on behalf of foreign adversaries, and extend financial disclosure and gift rules to family members. Violations would carry enforceable penalties. Stevens introduced the bill alongside Democratic Reps. Derek Tran, Eric Sorensen, and Andrea Salinas. Congress currently has a 17% approval rating, and stock-trading scandals in recent years have fueled public distrust.

A separate Republican-backed bill from Rep. Bryan Steil passed committee in January but is narrower in scope. Neither bill has been scheduled for a full House vote.