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H.Res. 1043: Amending the Rules of the House of Representatives to prohibit with limited exceptions the participation of any Member, Delegate, Resident Commissioner, officer, or employee of the House on the board of any publicly held or publicly regulated corporation, financial institution, or business entity.

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About the resolution

After a member of Congress was arrested for insider trading for a company he served on the board for, should the practice of board memberships for House members be banned?


Rep. Chris Collins (R-NY27) was arrested and is currently under indictment for insider trading. However, the charges haven’t stopped Collins from running for reelection. He served on the board of directors of a biotechnology company called Innate Immunotherapeutics Limited, and was their largest shareholder at 17% of shares.

Yet while senators are prevented from serving on the board ...

Sponsor and status

Kathleen Rice

Sponsor. Representative for New York's 4th congressional district. Democrat.

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Last Updated: Aug 21, 2018
Length: 2 pages

Aug 21, 2018


Introduced on Aug 21, 2018

This resolution is in the first stage of the legislative process. It was introduced into Congress on August 21, 2018. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.


Aug 21, 2018

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this resolution has further action, the following steps may occur next:
Passed Committee

Agreed To

H.Res. 1043 is a simple resolution in the United States Congress.

A simple resolution is used for matters that affect just one chamber of Congress, often to change the rules of the chamber to set the manner of debate for a related bill. It must be agreed to in the chamber in which it was introduced. It is not voted on in the other chamber and does not have the force of law.

How to cite this information.

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“H.Res. 1043 — 115th Congress: Amending the Rules of the House of Representatives to prohibit with limited exceptions the participation ...” 2018. November 21, 2018 <>

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