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S. 1393: Ban Conflicted Trading Act

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About the bill

Should members of Congress be prevented from making financial purchases that virtually every other American is allowed to make?


Reports have emerged of lawmakers potentially information from classified briefings about the covid-19 coronavirus to affect millions of dollars’ worth of stock trades.

Senate Intelligence Committee Chair Richard Burr (R-NC) sold up to $1.7 million of stocks in mid-February, after receiving classified briefings about the virus. Burr claims that he only relied on public information in making the financial decisions, though the Justice Department has opened a probe to investigate.

Sen. Kelly Loeffler (R-GA) also sold up to $18.7 million worth of stocks starting on January 24, the same day that the Senate Health Committee on which she served held a closed-door briefing about the virus.

Members of ...

Sponsor and status

Jeff Merkley

Sponsor. Junior Senator for Oregon. Democrat.

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Last Updated: May 9, 2019
Length: 5 pages
May 9, 2019
116th Congress (2019–2021)

Introduced on May 9, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on May 9, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

2% chance of being enacted according to Skopos Labs (details)


May 9, 2019

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

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

Passed Senate

Passed House

Signed by the President

S. 1393 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 1393. This is the one from the 116th Congress.

How to cite this information.

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