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S. 1393 (116th): 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. Senator for Oregon. Democrat.

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

This bill was introduced on May 9, 2019, in a previous session of Congress, but it did not receive a vote.



May 9, 2019

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

S. 1393 (116th) was 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.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

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