The legislation, introduced by Representatives Chip Roy of Texas and Seth Magaziner of Rhode Island, seeks to ban members of Congress from owning or trading stocks while holding office.

Congressman Roy stated, "It's far past time to ban Members of Congress from day trading stocks, and for the first time, a bipartisan coalition is standing together behind a united proposal to do just that. The Restore Trust in Congress Act ensures that members of Congress will no longer be able to put the stock market first in their official decisions."

In recent years, federal legislators have repeatedly introduced bills that seek to prohibit the conflict of interest that comes with individual stock trading while serving in the House and Senate due to the access to information that is not available to the public.